Bitcoin: Property, Currency or Commodity?

On September 18th 2015, the Commodity Futures Trading Commission (CFTC) has decreed Bitcoin a commodity, while other U.S. agencies defined it as a property and as a currency. Who is right?    It is common knowledge that Bitcoin, the world’s first peer-to-peer digital currency, was created by a Japanese hacker called Satoshi Nakamoto in 2009. […]

Read more
Brazil Economy: Is the Samba over?

It has been a tough year for emerging economies. Lately, China has been hit by a huge stock market storm, experiencing a loss of 40% since peaking in June (the largest drop since 2008). Questions about its economic health have been raised, given the government reaction with panicked interventions. This was a terrible year for […]

Read more
Hp Spinoff

  In July 2015, the American Global Information Technology Company Hewlett-Packard, better known as HP, has released more details about its impending spinoff, announced on October 2014. The operation, that is expected to close by the end of the fiscal year 2015, will result in two publicly traded companies: Hewlett Packard Enterprise (HPE), for the […]

Read more
What is the VIX Futures Term Structure telling us?

Volatility trading is becoming very popular in the Investment Banks and Hedge Funds’ trading rooms; therefore, I would like to make a brief summary of the tools more frequently used by traders. First, it is essential to point out the difference between historical volatility and implied volatility. On one hand, historical volatility is a backward […]

Read more