Wilmott Inner Circle

The Irony in the Variance Swaps

26th September 2018 admin 0

Irony, according to the Oxford English Dictionary, is (a) a figure of speech in which the intended meaning is the opposite of that expressed by the words used (b) a condition of affairs or events […]

Wilmott Inner Circle

Inefficient Markets

12th September 2018 admin 0

The “crash of ’87” was the most extreme stock market price jump of the twentieth century. The S&P 500 Index fell over 20 per cent in one trading day, measured by the change in closing […]

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