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Vedder Thinking | News Sam Tyfield Discusses Market Interconnectivity in Futures & Options World

Media Mention

Partner Sam Tyfield recently commented on the investor losses that occurred due to Credit Suisse’s inversely correlated VIX exchanged traded notes (ETNs) in Futures & Options World. His comments come less than a month after two class actions were filed against Credit Suisse. Mr. Tyfield said that the losses serve as a reminder of how interconnected the market is, and that the “markets themselves are made up of hundreds of thousands of correlated and inversely correlated instruments – all of which are traded for different reasons and over different time horizons by different market participants.”

He also noted that some market players are passive investors, and “a buy or a sell on one instrument can have a ripple effect which investors at the time may not have anticipated or foreseen.”

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Sam Tyfield

Partner