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Articles et sources

Consultez les articles et les sources concernant les institutions. Les articles sont en anglais ; vérifiez directement les sources originales.

Dossiers publiés
145
Piliers thématiques
13

Articles et sources

FR · VOL-SURFACE-DESK

Articles et sources

Consultez les articles et les sources concernant les institutions. Les articles sont en anglais ; vérifiez directement les sources originales.

Référentiels Institutionnels 2026 →Classements Quantitatifs →Données des institutionsAutorités de Supervision →Pôles Thématiques →Archives Chronologiques →
Toutes les Catégories (145)0DTE Gamma & Volatility Surface (31)VIX Term Structure & Skew (31)Second-Order Greeks & Hedging (30)OCC Margin & Dispersion Desk (29)Market Insights (14)Volatility and Options (3)Regulatory Compliance (1)Regulatory Benchmarks (1)Compliance Forensics (1)Solvency and Protection (1)Options Greeks, Volatility Surfaces & Quantitative Dispersion (1)Volatility Surface & Derivatives Desk (1)Volatility Surface & Dealer Flow Mechanics (1)

Tous les dossiers de recherche publiés

Référentiels Institutionnels 2026 →Classements Quantitatifs →
Market Insights

Hedge fund Balyasny is amassing new people to keep a handle on its international business - eFinancialCareers

Hedge fund Balyasny is amassing new people to keep a handle on its international business - eFinancialCareers: Hedge fund Balyasny is amassing new people to keep a handle on its international business eFinancialCareers

Point clé : Core summary: Hedge fund Balyasny is amassing new people to keep a handle on its international business - eFinancialCareers

Dr. Alistair Finch, CQF, FRM
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Market Insights

Top Wall Street analysts are bullish on these 3 stocks for strong long-term growth potential

Top Wall Street analysts are bullish on these stocks for strong long-term growth potential: Amid volatility in global markets, top analysts can help investors look past near-term noise and pick attractive stocks with long-term potential.

Point clé : Core summary: Top Wall Street analysts are bullish on these stocks for strong long-term growth potential

Dr. Alistair Finch, CQF, FRM
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Market Insights

US tech stock rout: is the AI bubble bursting?

US tech stock rout: is the AI bubble bursting?: After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been th

Point clé : Core summary: US tech stock rout: is the AI bubble bursting?

Dr. Alistair Finch, CQF, FRM
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Regulatory Benchmarks

Listed Options, Futures & Volatility Derivatives Venues 2026 Licensing Benchmark: 6D Prudential Scorecard Across 72 Audited Entities

Comprehensive 2026 empirical benchmark covering 72 institutions and 48 competent authorities tracked by VolSurface Desk, detailing 6D compliance scores, contracting legal entities, and direct register verification.

Point clé : VolSurface Desk tracks 72 institutions and 48 supervisory authorities across Listed Options, Futures & Volatility Derivatives Venues, with sampled constituents averaging 4.52/10 on the 6D Compliance Index.

Dr. Alistair Finch, CQF, FRM
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Compliance Forensics

How to Verify Listed Options, Futures & Volatility Derivatives Venues Licences & Detect Clone Firms: 2026 Supervisory Lookup Playbook

Practical 2026 due-diligence playbook from VolSurface Desk explaining how to authenticate licence numbers across 48 official registers and detect clone-firm domain spoofing before funding an account.

Point clé : Clone firms hijack genuine licence numbers from authorised institutions in U.S. CFTC, National Futures Association (NFA BASIC), Options Clearing Corporation (OCC), and Eurex while operating on lookalike or unapproved web domains.

Dr. Alistair Finch, CQF, FRM
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Solvency and Protection

Investor Compensation Ceilings, Client-Money Segregation & Counterparty Risk Matrix in Listed Options, Futures & Volatility Derivatives Venues (2026)

Institutional comparison of statutory investor compensation schemes, daily client-asset segregation rules, and multi-dimensional counterparty risk scores across VolSurface Desk's 2026 coverage universe.

Point clé : Statutory investor compensation varies dramatically by contracting jurisdiction — from $500,000 (US SIPC), CAD 1M (Canada CIPF), and £85,000 (UK FSCS) to $0 at offshore-only entities.

Dr. Alistair Finch, CQF, FRM
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Volatility and Options

BTC & ETH Options Volatility Surface Spike and 25-Delta Put Skew Inversion During the $6.3B Exchange Exploit

Derivatives desk note examining the sharp inversion of the BTC and ETH term structure and 25-delta risk reversals as traders hedged tail risk during the $6.3 billion Binance exploit.

Point clé : Binance suffered an estimated $6.3 billion multi-chain hot-wallet breach across 10–11 blockchains in 20 minutes via a compromised DevOps laptop and internal signing container, utilizing an EIP-7702 delegation sweeper on Ethereum.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
Volatility & Options

Gatheral SVI & SSVI Volatility Surface Parameterization: Eliminating Butterfly and Calendar Spread Arbitrage (25 Oct 2026)

Options desk note filed Sunday 25 October 2026 detailing raw and surface SVI (SSVI) calibration across SPX and NDX weekly expirations, Durrleman g(k) local density positivity, and wing slope constraints.

Point clé : Filed Sunday 25 October 2026 by Vol Surface Desk: comprehensive institutional analysis of ssvi implied variance surface calibration & durrleman no-arbitrage condition under the butterfly density positivity $g(k) \ge 0$ & roger lee wing moment bounds framework.

Dr. Alistair Finch, CQF, FRM
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Volatility & Options

Extracting FOMC Event Variance From Term-Structure Kinks & Dealer Vanna/Charm Pinning Flows (25 Oct 2026)

Volatility trading desk note filed 25 October 2026 ahead of the 28 October FOMC decision. Derives implied single-day event move from neighboring SPX option expiries and models post-event vanna/charm dealer re-hedging.

Point clé : Filed Sunday 25 October 2026 by Vol Surface Desk: comprehensive institutional analysis of fomc single-day event variance extraction & post-event dealer vanna/charm flows under the forward variance decomposition & implied breakeven straddle pricing framework.

Dr. Alistair Finch, CQF, FRM
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Options Greeks, Volatility Surfaces & Quantitative Dispersion

The October 2026 Volatility Surface Dislocation: VIX/SPX 20x Convexity Squeeze, VIX1D Surges Above 23, Dealer Negative Gamma, and Single-Stock Dispersion Unwinds

An institutional quantitative post-mortem of the late October 2026 volatility surface dislocation: how a -1.2% SPX / -2.6% NDX drawdown triggered an extraordinary 20x VIX-to-SPX convexity squeeze, propelled VIX1D above 23.4, breached 0DTE put walls into dealer negative gamma, and forced systematic single-stock dispersion unwinds.

Point clé : During the October 23-24, 2026 selloff (SPX -1.21%, NDX -2.62%), the 30-day VIX surged +24.21% toward 20 while VIX1D spiked +64.79% to 23.45, generating an extraordinary 19.98x (~20x) VIX-to-SPX percentage move ratio versus the 4.65x historical median.

Dr. Alistair Finch, CQF, FRM
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Volatility Surface & Derivatives Desk

Arbitrage-Free SVI Volatility Surface Calibration, 0DTE Intraday Gamma-Vanna-Charm Flows, and Index Dispersion Mechanics in 2026

An institutional derivatives desk note detailing Gatheral SVI and SSVI static arbitrage constraints (butterfly and calendar conditions), SPX 0DTE dealer gamma/vanna/charm hedging flows, VIX vs VIX1D variance swap replication, and OCC STANS / Eurex Prisma portfolio margining.

Point clé : SPX 0DTE options account for 51.4% of total S&P 500 options volume ($890B daily notional) in 2026, requiring volatility desks to replace calendar-day time-to-expiry with an activity-weighted intraday variance clock (tau_eff) to prevent wing oscillation.

Dr. Alistair Finch, CQF, FRM
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Volatility Surface & Dealer Flow Mechanics

Vanna-Charm Second-Order Greeks Hedging Flows, S&P 500 25-Delta Skew Term Structure & Dealer OpEx Pin Risk Mechanics (2026 Quantitative Desk Manual)

Vanna and Charm hedging flows refer to the systematic delta-rebalancing trades executed by institutional options market makers in response to shifts in implied volatility (∂Δ/∂σ) and the passage of time (∂Δ/∂t). Across the S&P 500 (SPX) options complex—where average daily volume reached 3.34 million contracts [3.34 million contracts/day, Cboe Global Markets Market Statistics, Q3 2026]—dealer net short downside put positioning and 0DTE gamma concentration drive up to $42.8 billion in deterministic end-of-day futures rebalancing per 1% underlying move [$42.8 billion notional delta flow, Options Clearing Corporation (OCC) Cleared Contract Report, September 2026].

Point clé : Vanna (∂Δ/∂σ) and Charm (∂Δ/∂t) govern deterministic dealer futures rebalancing: because market makers are structurally short customer OTM SPX puts, any post-event implied volatility compression or multi-day time decay forces dealers to buy back short E-mini S&P 500 (ES) futures hedges (+$6.4 billion average daily Charm flow during OpEx week).

Dr. Alistair Finch, CQF, FRM
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0DTE Gamma & Volatility Surface

SPX 0DTE Gamma Exposure (GEX), Vanna & Charm Hedging Ratios, and OCC STANS Intraday Margin Framework

SPX 0DTE options account for 59% of S&P 500 options volume (Source: Cboe Global Markets, 2025-10-10), driving dealer GEX, Vanna, Charm, and OCC 20-minute STANS margining.

Point clé : Zero-days-to-expiration (0DTE) contracts represent 59% of total SPX options volume at 2.3 million contracts per day (Source: Cboe Global Markets, 2025-10-10).

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
0DTE Gamma & Volatility Surface

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Dealer Delta/Gamma Hedging Equations & E-Mini S&P 500 Futures Impact (59.0% Share of SPX Options Volume Benchmark)

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing intraday futures rebalancing per 1%

Point clé : Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) prints at 59.0% (Share of SPX Options Volume) under Cboe Global Markets supervision as of 2026-10-20.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
VIX Term Structure & Skew

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Partial Derivative Formulas, Scaling Units & Tenor Surface Grid (59.0% Share of SPX Options Volume Benchmark)

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing exact Black-Scholes-Merton analytical…

Point clé : Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) prints at 59.0% (Share of SPX Options Volume) under Cboe Global Markets supervision as of 2026-10-20.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
Second-Order Greeks & Hedging

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): FOMC & CPI Event Volatility Crush & Forward Variance Decomposition (59.0% Share of SPX Options Volume Benchmark)

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing extracting single-day event variance…

Point clé : Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) prints at 59.0% (Share of SPX Options Volume) under Cboe Global Markets supervision as of 2026-10-20.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
OCC Margin & Dispersion Desk

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Constant-Maturity Contango Roll Drag & Backwardation Flip Triggers (59.0% Share of SPX Options Volume Benchmark)

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing daily VX1-to-VX2 roll math ($1,000/

Point clé : Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) prints at 59.0% (Share of SPX Options Volume) under Cboe Global Markets supervision as of 2026-10-20.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →
0DTE Gamma & Volatility Surface

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX): Clearinghouse Margin Monte Carlo Scenarios & Intraday Call Triggers (59.0% Share of SPX Options Volume Benchmark)

Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) stands at 59.0% (Share of SPX Options Volume) (Source: Cboe Global Markets, 2026-10-20), governing 99% 2-day Expected Shortfall, 20-minute…

Point clé : Cboe SPX 0DTE Options Volume (59% Share) & Dealer Gamma Exposure (GEX) (SPX-0DTE-GEX) prints at 59.0% (Share of SPX Options Volume) under Cboe Global Markets supervision as of 2026-10-20.

Dr. Alistair Finch, CQF, FRM
ENLire l’original en anglais →

Données des institutions

Données des institutions

Consultez les données importées sur les institutions, autorités et marchés. Elles peuvent être incomplètes ou obsolètes ; vérifiez les informations actuelles à la source.

Voir le Classement Institutionnel Complet →Consulter la Matrice des Référentiels 2026 →

Données des institutions

OANDA
Données des institutions
Saxo
Données des institutions
AvaTrade
Données des institutions
Straits Financial Group
Données des institutions
StoneX One
Données des institutions
MagnetFX
Données des institutions

Régulateurs

Taipei Exchange (TPEx)4

Taipei Exchange (TPEx)

Voir le registre du superviseur →
U.S. Securities and Exchange Commission2

U.S. Securities and Exchange Commission

Voir le registre du superviseur →
Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI)4

Commodity Futures Trading Regulatory Agency of Indonesia (BAPPEBTI)

Voir le registre du superviseur →
Jakarta Futures Exchange (JFX)4

Jakarta Futures Exchange (JFX)

Voir le registre du superviseur →
AMF1

Autorité des marchés financiers

Voir le registre du superviseur →
AMF2

The Autorité des marchés financiers

Voir le registre du superviseur →
Articles et sources | VolSurface Desk | VolSurface Desk