Update on Phantom Indexes

13

July, 2011

It has been about two weeks now since we wrote our “Phantom Index” paper and we promised to keep you up to date as to the feedback we have received from market participants.  Unfortunately, we have yet to hear from any exchanges, regulators or index providers since we published our paper.  We thought that exposing the fact that indexes were being calculated with only a subset of data would at least draw some inquiries from the regulators.  We understand that they are probably very busy approving the constant parade of

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