Social Powers That Be

On Tuesday, CBOE announced it plans to develop a series of social media-based strategy benchmark indexes using Social Market Analytics’ (SMA) state-of-the-art analytics. SMA chief executive officer Joseph A Gits IV, commented:  “CBOE is an unrivaled product innovator and a leader in the index space and SMA is a leader in providing actionable social media metrics.  We look forward to working with CBOE to create these first-of-their-kind indexes.”  For more information, see the Press Release.

“CBOE Taps SMA for ‘Social’ Benchmark Indexes” – Max Bowie, Waters Technology

“This is How Hedge Funds See Market Moves Before the Rest of Us” – Lynne Marek, Crain’s Chicago Business

“CBOE Unveils Plans to Create Sentiment Benchmarks from Social Media Data” – Steven Hatzakis, Finance Magnates

“CBOE to Develop Series of Social Media-Based Strategy Benchmark Indexes” – Markets Media

VIX FIX – The Brexit Effect

With the “Brexit” vote looming next Thursday, and polls now indicating for the first time that “leave the EU” is ahead of “stay in the EU,” volatility returned to the market this week. The CBOE Volatility Index (VIX Index) rose to 22.89 intraday yesterday, its highest level in four months.  And since June 8, the VIX Index has surged more than 50 percent.  The VIX Index has dipped back below the 20 level this morning, but it might just be catching its breath ahead of the big vote next week.

“VIX Pops Above 20 on ‘Brexit’ Angst” – Chris Dieterich, Barron’s

“Here’s What the VIX is Saying About Brexit and Volatility” – Bob Pisani, CNBC

“Watch the VIX: It Matters This Time, Justin Lahart, The Wall Street Journal

“Brexit Poll Sees VIX Jump on Low Liquidity” – Daniel O’Leary, EQ Derivatives

“The VIX Just Had a Huge Day” – Saumya Vaishampayan and Ben Eisen, The Wall Street Journal

“‘Fear’ Index Soars Ahead of EU Referendum Vote” – Laura Dew, Investment Week

“Seeing the Surging ‘Brexit’ Volatility in the British Pound” – Ben Eisen, The Wall Street Journal

“Elevated VIX Provides Relief to Long Vol Managers” – Daniel O’Leary, EQ Derivatives

“Market Reprices VIX as Call Buying Takes Hold” – Daniel O’Leary, EQ Derivatives

“VIX Rises to August Swoon Levels” – Market Pulse

“The VIX is Starting to Get Jumpy” – Helene Meisler, The Street