Panel to Discuss "Diversification, Portfolio Management and Use of New Volatility-based Index Products" on February 25 in Chicago
The VIX Index rose from 11.56 at the end of 2006 to a record intraday high of 89.53 on October 24, 2008. Five financial experts will discuss how volatility-based products can be used for portfolio management and diversification.
Chicago, IL (PRWEB) February 7, 2009 -- Five financial experts will discuss the theme, "Diversification, Portfolio Management and Use of New Volatility-based Index Products," at a panel discussion at a joint Chicago QWAFAFEW / PRMIA - sponsored meeting. This meeting will be held from 5:00 p.m. to 7:00 p.m. on Wednesday, February 25 at the members lounge of the Chicago Board Options Exchange (CBOE), 400 South LaSalle Street, Chicago.
The five panelists will be:
(1) Mr. Srikant Dash, Global Head of Research and Design at Standard & Poor's Index Services in New York. S&P recently launched indexes based on VIX futures prices to provide benchmarks for volatility trading strategies.
(2) Mr. Mark Krommenhoek, Principal at Barclays Global Investors in San Francisco. Barclays recently launched trading in two new iPath Exchange Traded Notes (ETNs) that are designed to provide access to equity market volatility through VIX futures.
(3) Mr. Keith H. Black, CFA at Ennis Knupp + Associates, a consulting firm based in Chicago. Keith is the primary author of a new paper on "Evaluating the Performance Characteristics of the CBOE S&P 500 PutWrite Index."
(4) Mr. Jamie Tyrell of Group One Trading in Chicago, a firm that serves as designated primary marketmaker (DPM) for options on volatility indexes.
(5) Mr. Eric Liu, a trader at Chicago Trading Company (CTC), a trading firm that serves as the designated primary marketmaker (DPM) for various products, including futures contracts based on variance and volatility indexes.
Here are some of the questions that will be posed to the panelists:
-- Is volatility a powerful unique new asset class?
-- In light of the fact that the VIX Index experienced greater-than-ten-percent daily moves on a record-high forty-five days in 2008, how can investors and traders benefit from these big moves?
-- How are the futures, options and ETNs on the volatility indexes priced?
-- Have the volatility indexes seen explosive upside moves when stock prices recently declined?
-- Is a high VIX level bullish and a low VIX a bearish signal for stocks?
-- Can the volatility index products be used as tools for diversification, asset allocation, and/or market forecasting?
Admission is $10 in advance (or $15 at the door) with snacks and drinks provided. Please RSVP via http://www.acteva.com/go/ChicagoQWAFAFEW by Thursday, February 19th.
Media Contact:
Mr. Adam Cohen
312-630-9880 x 227
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