Leverage Shares, a sponsor of physically-backed exchange-traded products (ETPs), has launched 28 new ETPs that are backed by the heavily traded shares of the United Staes market.
An ETP is a type of securities that tracks the performance of an underlying security, index, physical asset, or any financial instrument. These products are traded on the stock exchanges and can be traded similar to the shares of any company.
Announced this week, Leverage Shares’ ETPs can be used to make high conviction trades or hedge positions in a variety of equities ranging from companies like Apple, Microsoft, Google, Netflix, Amazon, Tesla, and many more.
“We are proud to announce our new range of Short&Leveraged exchange-traded products, providing investors with an enticing and risk-controlled alternative to CFD trading. Leverage Shares ETPs offer enhanced collateral protection and reduced credit risk,” Tihomir Iliev, Institutional Sales at Leverage Shares, wrote to Finance Magnates in an email response.
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Leverage Shares’ products have daily leveraged and inverse exposures of 2x, 3x, and -1x.
ETPs are gaining a lot of attention as major markets remain volatile
With the recent addition, the Greenwich and Connecticut-based company is now listing a total of 40 ETPs, all of which can be traded on the London Stock Exchange (LSE) in the US dollar, British pound, and euro.
“We are delighted to welcome Leverage Shares’ products on London Stock Exchange. Our markets continue to offer investors a wide range of innovative products, providing choice and diversification for their portfolios. The listing of the Leverage Shares short & leveraged ETPs based on leading US stocks is a first in Europe,” Lida Eslami, head of business development, ETP, and IOB at LSE, added.
Earlier today, Finance Magnates reported that Deutsche Börse’s Xetra electronic trading market is going to list an ETP tracking the price of Bitcoin, enabling traders to trade and hold a digital asset-based investment product from the stock exchange accounts.