Weekly Wrap: Leverage, Inverse ETFs Face Losses; BAML Adds Algo; VIX Climbs

​Some leveraged and inverse volatility ETFs are not adequately tracking underlyings and could more losses in a volatility spike. CBOE’s Volatility Index continued climbing Friday during a trading session dominated by calls. Investors were seen rolling out of November positions into December, potentially setting up exposure to the FOMC meeting. Across the Atlantic, three senior officials in Nomura’s equity division have had their roles ‘put at risk,’ following an internal review of the business.