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GVS brings together volatility and tail hedge managers, institutional investors, thought-provoking speakers, and other industry experts to discuss the volatility markets and the roles volatility strategies can play in institutional investment portfolios. GVS aims to keep investors updated on the volatility markets throughout the year, and educated on innovations within the space. Capstone Investment Advisors has provided the latest piece in the GVS newsletter series.
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These materials are provided by conference participants for informational purposes only and should neither be construed as investment advice nor an offer to sell or the solicitation of any offer to buy any security. You understand that the material made available via this website are the works of individual authors, has been posted with the permission of the conference participant, and does not necessarily represent the views of Summit. No representation or warranty is made concerning the accuracy of any data compiled herein. Summit does not provide tax, legal or accounting advice.

JPX

Japan’s Single Stock Options Markets Primed for Revitalization after Regulatory Improvements

The recent upturn in Japanese stock markets has drawn attention from domestic and overseas investors to Single Stock Options (SSO) . Originally listed in 1997 on both the Osaka Exchange (OSE) and the Tokyo Stock Exchange (TSE), SSO became part of OSE products after the 2014 merger to JPX. Together with Nikkei 225 and TOPIX derivatives, SSO has become one of the most significant equity derivatives in Japan.

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Eurex

Expected Market Impact and Use Cases for Daily EURO STOXX 50® Options

Daily index option expirations have been around for over a decade. However, the widespread adoption of daily expirations coincided with the introduction of daily expirations in the S&P 500 (SPX) arena. This paper discusses Eurex’s EURO STOXX 50® index suite, the latest segment to introduce daily expiring options. To gauge how these options will be used, and how they could impact the EURO STOXX 50® ecosystem, we turn to the SPX option market.

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Transtrend

Just Buy the Index

The SG CTA and SG Trend indices are nearing their 25th anniversary. While CTAs have been providing their services for much longer, the introduction of these indices in 2000 significantly boosted the recognition of CTAs as an investment style. Despite not being intended as benchmarks, they’ve effectively become leading performance benchmarks for both CTAs and (potential) investors. In today’s investment climate, this naturally leads to the question: Can’t we just buy the index?

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Nasdaq

The New Nasdaq-100® Index Options (NDX) Marketplace

Access to options is more critical than when many of us started our careers. On an average day in 2024, the industry manages volumes that are roughly twentyfold a typical day at the turn of the century. Versus 2017, volumes have tripled. The catalysts are numerous. Fueled by technology, access and a broader understanding of this set of tools, the demand for optionality continues to grow.

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