​Daily Wrap – Investors Wing It Pre-FOMC, XFA Expands Into Europe

The U.S. Federal Reserve’s Federal Open Markets Committee releases Sept. meeting minutes on Thursday. It will be on the reading list of all investors who are looking for hints of when interest rates might rise, leading some to think tomorrow could be a big day for OTM option buying. In today’s European coverage, we report on how volatility systematic strategies are moving away from a one-size fits all strategy. Meanwhile, XFA Global, an affiliate of the Chicago-based agency broker X-Change Financial Access, has responded to two-way flow across the Atlantic Ocean by hiring Sebastien Fredenucci to work in Paris. Stay tuned tomorrow for coverage on the start of VIX Weeklys.