The Liquidity Paradox

Exchange-traded options are being bought and sold in record volumes by everyone from the most sophisticated hedge fund to retail investors around the globe. But for some time on Feb. 5, it was hard to get pricing even for the most highly-traded index options. What happened? And what does the February liquidity gap mean for the markets going forward? Elinor Comlay spoke to a range of buysiders to hear their thoughts on the depth of the U.S. market.