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Wednesday, February 14, 2018

Equity Trader Alert #2018 - 13
Information Regarding Halt of VelocityShares Daily Inverse VIX Short-Term ETN (XIV)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

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What you need to know:

On Tuesday, February 6, 2018, Credit Suisse announced that it expects to deliver an irrevocable call notice with respect to VelocityShares Daily Inverse VIX Short-Term ETN (XIV) and that on February 21, 2018 investors will receive a cash payment per ETN in an amount equal to the closing indicative value of XIV on February 15, 2018.

As a result, Nasdaq will halt trading in XIV after market close on Thursday, February 15, 2018.

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