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3 questions about the CBOE Volatility Index (VIX), answered

Data: Money.net; Chart: Axios Visuals

Credit Suisse announced the last day of trading for volatility-related security XIV would be Feb. 20, reports CNBC. Trading was halted Tuesday morning after the security plunged 85% in aftermarket hours.

Why it matters: Near-record volatility can have implications far beyond what happens to individual stocks, wiping out investments that had been viewed as safe just days ago.