The day-trading boom is a 'welcome phenomenon,' and has actually helped to reduce market volatility, a veteran Wall Street trader says | Markets Insider

A veteran Wall Street investor says the rise in day trading is a"welcome phenomenon" and has helped decrease market volatility, Bloomberg reported Monday.

Larry Peruzzi, director of international trading at Mischler Financial Group, who has been buying and selling equities for more than 20 years, noted that the Cboe Volatility Index, a key indicator of market volatility, has fallen in recent months,Peruzzi said the VIX has fallen in recent months even as trading volumes have surged.

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