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Category: Derivatives

Derivatives
News
Renaissance Technologies has agreed to pay $7bn in tax to the IRS. That's a nice chunk of change, even for them. Here is the issue at stake....
Derivatives
Investments & markets
UBS got flack for recommending VIX ETFs to its clients. This suitability case has in fact deep roots in a significant ETF classification challenge: many product...
Derivatives
Investments & markets
The ARRC has recommended the CME's methodology to calculate a term structure for SOFR. This is big news. This article explains SOFR's weaknesses, what a term...
Derivatives
Investments & markets
LIBOR, the most important number in the world, had a good run for the last 50 years, but it is going away. SOFR, its replacement, is...
Derivatives
News
On February 5th, 2018 (Volmageddon) the volatility reverse ETF XIV lost 96% of its value in the space of a few hours. Its iNAV was also...
Derivatives
News
The SEC has hit yet another nail in the binary option coffin, and what a big nail that is. SpotOption was the industrial-size engine behind this...
Derivatives
Investments & markets
What happened at Archegos? A lot has been published already, but many critical questions have still not been asked. After a factual summary / press review,...
Derivatives
Investments & markets
Should US stocks settle T+1? The current T+2 settlement date is considered antiquated, and the Robinhood affair (gee, them again???) has relaunched the debate. Here is...
Derivatives
Investments & markets
Geode handles $700 bn of Fidelity's index tracking assets. Geode Diversified, the much smaller hedge fund business, took a 36% loss on COVID's volatility rally. It...
Derivatives
News
Infinity Q may be the new variance swap skeleton. The New York hedge fund has just been suspended by the SEC pending valuation of its variance...