What you need to know on Wall Street today

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February 6, 2018 6:21 PM

Hello. Here's what you need to know on Wall Street today.

Speaking of the VIX: One casualty of the recent market action isCboe Holdings, which fell 15% on Tuesday. The exchange is home to the VIX, and generates as much as a quarter of its revenue from products linked to the index.

In 2017, shorting the VIX was one of the easiest ways to make money. record 84%

Two of the products designed to return the inverse of the VIX saw theircombined value shrink to $150 million from $3 billion.

Here's more from Business Insider's coverage of the sell-off:

Here's what Goldman Sachs, UBS, Deutsche Bank, and more are saying about the global stock market rout
BARCLAYS: A group of niche volatility traders will sell $225 billion of US stocks 'in the next few days'
'A perfect storm': European stocks plummeted on Tuesday as global market volatility spiked
Hedge funds are making an unprecedented bet that's signaling more stock market pain
'There's no place to hide': A Wall Street chief strategist breaks down the stock market's catastrophic plunge
High-speed trading firms have been hoping for market chaos just like this
Here are three theories about why stocks are puking, and what they mean for the economy
Wall Street lays out the case for a comeback that would quickly erase the stock market's plunge
One word keeps popping up as Wall Street tries to explain the stock market meltdown
Credit Suisse is pulling the plug on an investment product that just got wiped out with the stock market's drop
A Wall Street trading giant is riding the volatility wave