Manipulating, gaming, rigging – that’s the nature of VIX talk this week. But before we get to those allegations in this week’s options recap, we cover a few other stories that didn’t get as much press. The following are stories referenced in this week’s episode of The Spread: Gulf Times – China to curb option trades after one bet soared 2,250% Reuters – Colombia aims to kick-start oil hedging program – finance minister WSJ – Harvard, Hawaii Gambled on Market Calm—Then Everything Changed JLN – What’s the Deal With the VIX Manipulation Letter? Inaccuracy and Misunderstanding CNBC – Ex-CFTC head…
Tag Archives: Colombia
John Lothian Newsletter: CFTC Said to Review 1 Million E-Mails in ISDAfix Investigation; Colombia aims to ‘internationalize’ bourse; Financial Firms Said to Be Seeking Bloomberg Alternative John Lothian Newsletter,Newsletter
The CFTC is sifting through a mountain of email in its search for ISDAfix rate manipulation, hopefully at a rate of more than a few hundred a day. The head of Colombia’s stock exchange says the country’s financial markets are due for a spruce-up to attract foreign investment. In the wake of Bloomberg’s recent trouble with cross-department information sharing, competitors look into creating replacement financial chat systems.