Quoting:
“A year after the index began, it was sitting at 725 and it should have been at
960.
As embarrassing as the whole affair has been for the VSE, things could have
been worse. Had the exchange introduced options based on the rise and fall of
the index – a feature of the Toronto Options Exchange planned for next January
– the VSE would have had to adjust wins and losses of investors.
As it was, the exchange only had to pay for three weeks of computer work and
the fees of consultants brought in from Toronto and California to put the index
back in order, Seasons said.
Quoting: “A year after the index began, it was sitting at 725 and it should have been at 960. As embarrassing as the whole affair has been for the VSE, things could have been worse. Had the exchange introduced options based on the rise and fall of the index – a feature of the Toronto Options Exchange planned for next January – the VSE would have had to adjust wins and losses of investors. As it was, the exchange only had to pay for three weeks of computer work and the fees of consultants brought in from Toronto and California to put the index back in order, Seasons said.