CBOE launches VIX Futures
CBOE Launches VIX Options
Certeza Asset Management Launched
Managed Accounts Start Trading
Certeza Macro Vega Fund Launched
VIX stays within predictable ranges over time and does not trend to ever higher levels due to inflation and productivity. This makes it an ideal mathematical instrument.
Behavioral tendencies across the capital markets create structural inefficiencies in VIX futures, and because VIX is a purely financial instrument with no underlying physical, these inefficiencies manifest to a greater extent and for longer periods. This results in larger opportunities as compared to commodities which can be arbitraged more precisely.