Credit Suisse Pulls Plug On XIV – The Black Swan Has Landed

Credit Suisse Pulls Plug On XIV – The Black Swan Has Landed

It's over folks. As predicted on Monday evening when XIV crashed 80% AH... XIV is toast. Here are the official headlines: CREDIT SUISSE SEES IRREVOCABLE CALL NOTICE ON VELOCITY SHARES CREDIT SUISSE REPORTS EVENT ACCELERATION OF XIV ETNS Full announcement is embedded below. Here are the top holders: Deutsche Bank with a 3.8% stake Morgan Stanley: 2.6% Citadel: 2.6% Flow Traders U.S. LLC: 1.9% Two Sigma: 1.2% CTC LLC: 1.1% Keel Point: 0.6% Jane Street Group: 0.4% So that's the 
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2 thoughts on “Credit Suisse Pulls Plug On XIV – The Black Swan Has Landed

  1. Quoting Taleb: Eat like a chicken, shit like an elephant.
    That was a big one.
    On the bright side, it’s a good time to look for a new day job.

  2. “subject to postponements due to certain events”
    that’s funny! Like “If can pay us back” would be another event?
    Well in that case, we just gave you a wedgy.

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