Will VXX’s Last Day of Trading Lead to Chaos?
As explained, this was a planned event as Barclay’s originally structured the product as an Exchange Traded Note with a bond-like feature of a10-year maturity. They probably used this relatively short time frame, as the VXX was the very first volatility or VIX-based product, and they may have been unsure of whether it would be successful.
Well, it turned out to be…
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