JLN Options: ETF That Bets Against VIX Rallies Over 200% in a Year

Dec 7, 2012

Lead Stories ETF That Bets Against VIX Rallies Over 200% in a Year
John Spence, ETF Trends
A volatility-linked exchange traded product designed to move in the opposite direction of the VIX has more than tripled in price over the past year.
http://jlne.ws/VPmcJO What The VIX Is Saying About The Fiscal Cliff
Big Trends
The past few weeks have been full of a constant barrage of press conferences and public statements from the charlatans in Washington D.C.  Politicians cannot pass up a chance to get in front of the cameras and the media has used the “fiscal cliff” as a mechanism to scare average Americans further about their future.
Interestingly enough, amid all of the nonsense that has been going on stocks have remained resilient.
http://jlne.ws/TYBDNy New Swap Market Rules May Push Customers Toward Futures -Tabb Group
Jamila Trindle, NASDAQ
Firms that use derivatives to hedge interest rate risk could choose to use futures instead of swaps in reaction to new rules regulators are implementing for the $639 trillion over-the-counter derivatives market, Tabb Group said in a research note Thursday.
http://jlne.ws/XyXoK4 More hedge funds shut down
Harriet Agnew, Financial News
At least six hedge-fund firms announced plans to close in November and two more joined the list this week, underscoring the shakeout hitting the industry from uncertain markets, tighter regulation and what some fund managers say are investors with ever-shorter time horizons.
http://jlne.ws/XyXNfF  NischalManiar Reports on Avoiding Binary Options Scams
MarketWire
With binary options becoming increasingly popular, NischalManiar.info is releasing a report on how to identify binary options scams. This report is meant to protect traders and inform them of common practices to avoid when choosing a broker.
http://jlne.ws/VPojxo

Exchanges

CBOE Claims Two Top Awards from Futures And Options World
Press Release
The Chicago Board Options Exchange (CBOE) today was named “Exchange of the Year, North America,” and “U.S. Options Exchange of the Year” at an awards ceremony during Futures and Options World magazine’s Derivatives World London Conference.
http://jlne.ws/VqkR9Z
**Congratulations to the CBOE. — SR MIAX Options Exchange Waives Transaction Fees Until the End of the Year; Confirms December 7, 2012 Launch Date
Press Release
MIAX Options Exchange (“MIAX”), the newest U.S. equity options exchange, announced today that it will waive transaction fees until the end of the year, other than select transaction and regulatory fees applicable to members trading options on and using services provided by MIAX.  MIAX also confirmed that it will launch trading operations on December 7, 2012, as previously announced.
http://jlne.ws/Xz0dL9
**And congratulations to MIAX on your launch day. I think that makes 11?  — SR

Regulation

SEC to Lift Freeze on Active ETFs That Use Derivatives
John Spence, ETF Trends
The Securities and Exchange Commission is partly lifting its nearly three-year freeze on accepting filings for active ETFs that invest in derivatives, Reuters reported Thursday afternoon.
http://jlne.ws/VPj5Si

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