Father of VIX Options Enters ETF World with AccuShares
March 24, 2014 at 08:00 AM EDT
In 1993, the year the first U.S. ETF was launched, there was also another monumental introduction. Robert Whaley was an established expert in derivative contract valuation and risk management. In 1993, Whaley developed the CBOE Market Volatility Index “VIX” for the Chicago Board Options Exchange....