​Tuesday, June 30 – VIX Relative Value Trades; Malachite Hires

Greece again weighed on markets today, as the country called on an 11th hour bailout from the Eurozone. A number of SPY and VIX trades dominated listed flow, a lot of it driven by relative value trading on the VIX against the S&P, as the volatility benchmark’s gains outstripped the S&P declines. Also in the people and firm’s section, Malachite Capital Management and Mariner Investment Group have made hires recently in New York.