VelocityShares, creator of exchange-traded products for professional traders, has launched six volatility-related exchange-traded notes to be listed on NYSE Arca.
The new VelocityShares ETNs include the first daily inverse and 2x leveraged ETNs linked to the S&P 500 VIX Futures Index.
The ETNs will provide institutional traders with an exchange-traded instrument enabling them to manage equity market volatility risks.
"We are committed to developing innovative products for the professional trading community," says Greg King, chief executive officer of VelocityShares. "This suite of ETNs gives traders their first opportunity to access daily rebalanced leveraged and inverse exposure to an S&P 500 VIX Futures Index via an exchange traded product."
Credit Suisse is the issuer of the ETNs and VLS Securities, a wholly owned subsidiary of VelocityShares, is marketing the ETNs.
The VelocityShares Daily 2x VIX Short-Term ETN and VelocityShares Daily 2x VIX Medium-Term ETN allow traders to manage daily trading risks using a 2x leveraged view on the S&P VIX Short-Term Futures Index and S&P 500 VIX Mid-Term Futures Index, respectively.
The VelocityShares Daily Inverse VIX Short-Term ETN and VelocityShares Daily Inverse VIX Medium-Term ETN enable traders to manage daily trading risks using an inverse position on the direction of the volatility indices.
The indices were created by Standard & Poor’s Financial Services.
