​Daily Wrap – SG Executes Novel Deal; Natixis Launches Euro iSTOXX 50 Product

The markets took a breather today as a computer glitch caused the NYSE to stop trading between about 11am and 3pm. The crash coincided with a problem with United Airlines, which grounded flights for an hour, while the Wall Street Journals’ website also ceased working for some time. The Feds, including the SEC, are investigating. In Europe, Société Générale has executed a novel transaction that allows investors to be long covariance between euro/U.S. dollar and the Eurostoxx 50 (SX5E), while Natixis is to launch a structured product linked to the EURO iSTOXX 50 Style Weighted Decrement Index.