​Daily Wrap – Funds Poke Holes In Systematic Products; SG Expands Thematic Offerings

Transocean saw increased flow on the U.S. listed markets Monday, with one investor selling the Nov. 12 and 13 put spread for .50c about 90,000 times. The VIX also saw decent flow today, with an investor selling the Aug. 12.5 put on the index to buy the Aug. 16 – 18 call spread, paying .3c executing the trade 70,000 times. Also in the U.S., systematic products are not a catch all solution and should not replace “good ol’ fashioned view taking,” according to buyside hedge funds, while CME Group and FTSE Russell have entered into an agreement covering futures, options on futures and OTC cleared products. In Europe, Société Générale has expanded its thematic basket offering by hiring an ex-Graham Capital Management senior portfolio manager and improving the speed it can set up baskets.