XIV pushed to another all-time high this afternoon, closing for the fourth day in a row over $100. The "Fear Index"-short ETF continues to soar, returning 105% this year, 163% in the past 12 months, and 545% since starting its latest bullish trend in February 2016. These staggering returns have piqued the interest of many, myself included, and have prompted criticism from more. I want to take a deep dive into what makes XIV tick, hypothesize future price movement, and explore how to best hedge against its radical dips. Some things to consider before starting this series: Along with the written articles, I am also publishing supplementary IPython Notebooks containing my research, calculations, and other miscellaneous code for anyone interested. As I am pulling all of my pricing information from the Quantopian research platform, a large portion of the notebook will only run on the Quantopian website. Please don't hesitate to reach out to me for help if you're having...
If you are interested in learning more about the applications of blockchain technology and cryptocurrencies within capital markets, you have come to the right place. These “capital markets” are not your traditional space for raising equity and debt – rather, they are places for companies to rapidly gain capital via cryptocurrency exchange. This article will delve into: How cryptocurrencies form a crowdfunding-like space for incredibly efficient access to capital What constitutes an Initial Coin Offering (ICO) Monetary policy per different currencies, and the effects of supply and demand on future value ECM. DCM. CCM? Traditional Equity and Debt Capital Markets are markets that exist between clients and financial institutions to meet the funding needs of those clients. This brief, one-sentence summary is the essence of investment banking – raising capital for those who need it. With that said, I would recommend taking some time to familiarize yourself with the spac...