VIX Quirk Caused by Liquidity Shortage, Not Rigging, Cboe Says
VIX Said to Face Probes With Unusual Auctions
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Cboe Global Markets Inc. says not enough traders participated in the eye-catching April 18 VIX futures auction, meaning an innocent explanation -- not manipulation -- explains the events of that day.
“We want to be clear that we were disappointed with the 18th, and we saw it as a liquidity challenge and nothing more,” Cboe President Chris Concannon said during an earnings call on Friday.