Graeme Yorston, who is taking over as chief executive, said: "Against a backdrop of increasing volatility in the economy, tightening credit conditions and an uncertain regulatory agenda, we remain confident in our ability to deliver the range of products and services our members expect from us.
Furthermore, against the current backdrop of UK market volatility and political uncertainty, the Irish economy continues to hold a number of competitive advantages as a European hub for business activity in a wide range of sectors".
But some others in Riyadh said they were not entirely surprised, given the kingdom's long ambivalence about assuming a position that would strain friendships and alliances, particularly against the backdrop of the high profile and volatility of the Security Council's recent decisions.
While that may seem like small potatoes compared with NYSE Euronext -- which has a valuation of $6.5 billion -- the story of SecondMarket is worth considering against the backdrop of what seems like out-of-control volatility in the public stock market and an anemic market for I.P.O.'s.
For now, the technical backdrop of the VIX is not indicating higher volatility in the days ahead, which would be coincident with a major setback in share prices.
Volatility analysts, volatility salesmen, and derivatives based on the volatility of volatility?
But the law of volatility applies.
It was a day of volatility.
A little bit of volatility, too.
Moreover, it is not just price gyrations that have increased, but the volatility of volatility itself.
Such vulnerability is but one of many causes of volatility.
