You are here

Bears piling back into VIX note

These days, it's trading more than Microsoft and Facebook shares

BT_20150328_SECURITY281HMA_1586770.jpg
BANKING ON VOLATILITY: Traders working in the VIX options pit on the floor of the CBOE .

BT_20150328_SECURITY281HMA_1586770.jpg
BANKING ON VOLATILITY: Sustained gains in US stocks have proven elusive on the NYSE (above), with the S&P 500 having dropped 2.5% this week.

New York

SPECULATORS are again piling into an exchange-traded note (ETN) that lets them bet on how long days of calm will last in the US stock market.

The trade, using a six-year-old security known as VXX that sees more average daily volume than shares of Microsoft Corp and

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom