TVIX

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TVIX is the symbol for the VelocityShares 2x Long VIX Short Term Exchange note, managed by Credit Suisse Group AG. The Credit Suisse ETN is designed to track stock-market volatility. It is linked to the Chicago Board Options Exchange Volatility Index (VIX). The ETN is designed to magnify the VIX's volatility, allowing investors to make or lose twice as much as the daily move in the VIX. [1]

FINRA began an inquiry into the TVIX and other Exchange-traded notes after the TVIX ETN lost half its value in just two days in March 2012.

References

  1. Chaos Over a Plunging Note. The Wall Street Journal.