Oil-price drop leads to jump in volatility for U.S. market
By Rick Baert
The plunge in oil prices in late 2014 also led to a bit of a spike in U.S. market volatility, ending what otherwise was a fairly stable year, based on data from Investment Technology Group Inc.
Added Sandor Ferencz, vice president-analytics for ITG in Culver City, Calif.: “I wouldn't say (2014) was a frightening or volatile year, just in the fourth quarter.”
U.S. trading costs averaged 32.12 basis points in 2014, Mr. Ferencz said. The first quarter saw costs reach an average 33 points, falling to 30.5 points in the second quarter and 29.5 points in the third quarter before rising to 35.5 points in the fourth quarter....