By: Steve Smith
A year ago, several VIX or volatility related products imploded and were forced to shut down. It now appears the popular Barclay’s iPath S&P 500 VIX Short-Term (VXX) exchange-traded note will cease to trade at the end of the month.
But unlike the VIX, ETN’s, mostly inverse and leveraged — which went poof last February as a spike in volatility created a forced liquidation — the ending of the VXX is purely voluntary and pre-planned.
Indeed, in the…
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