Amid Volatility Surge, Credit Suisse Terminates VelocityShares ETN

One of the hottest trades in recent memory, shorting volatility, evaporated in a heartbeat Monday. In the aftermath of an unexpected volatility explosion, Credit Suisse is moving to terminate the VelocityShares Daily Inverse VIX Short-Term ETN (NYSEArca: XIV). The VIX, or so-called fear index, is a...