Reported 2 months ago
Former Treasury Secretary Lawrence Summers has called on the SEC and financial exchanges to investigate the recent historic surge in the VIX, which spiked above 65 during a significant stock selloff, signaling potential investor panic. Summers suggested that illiquidity issues may have artificially influenced the VIX's movement, and he emphasized that a thorough study is needed to understand the implications for market liquidity and volatility calculations.
Source: YAHOO