Regulators Open Probe After Whistleblower Exposes "Rampant Manipulation Of VIX"
In a quite shockingly fast reaction, WSJ reports that a U.S. regulator is looking into whether prices linked to the widely watched Cboe Volatility Index have been manipulated, according to people with knowledge of the matter. The Financial Industry Regulatory Authority is scrutinizing whether traders placed bets on S&P 500 options in order to influence prices for VIX futures, the people said. Proving manipulation is difficult, lawyers and academics say. The regulator must prove that a person or firm had the ability to move prices and did so intentionally. In addition, the regulator must show that the person intended to create ... (full story)
- Posted: Feb 13, 2018 2:20pm
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