My market orders are now pending for 30+ min now for 3PYE, 3SE and 33SQE. Can you confirm that those instruments are available for trading right now @Oktay?
Hey - just checked with BNP, and they said thereās no issue with their quotes (I also tried putting in some market orders to test and those are still not filled).
Itās the first day of trading on LSE, so Iāll try to get to the bottom of it. Sorry for the inconvenience.
Perhaps it takes too long to construct this ETP, before it goes to bankruptcy.
All the ETP you mentioned in your original post are already available on Trading 212 in all currencies? With future Trading 212ās currency fee, investors will be more willing to invest on their national currency.
Just imagine what happens to this when GME stock pops +40% in one day
But in all seriousness, we thought about this oneā¦ but still think the hype is gonna blow over before we can bring it to market (or it goes bankrupt).
Thanks for the feedback! Indeed, all the ETPs are on the platform and available in Ā£ / ā¬ / $
But please keep in mind that there might be some issues with orders today (taking too long to get filled, etc). Iām looking into it now.
By the way, @Oktay, the LeverageShares are ETCs or ETNs?
I know that they are all ETPs.
My guess, is that they are ETCs, because they are physically-backed.
Have you consider asking Trading 212, to create a subcategory to include your ETPs, because they are mixed with hundreds of ETFs (ETFs are ETP, but not all ETP are ETFs), and they get āhiddenā between all of them. With a subcategory āETCsā (or āETNsā), your ETCs will get more visibility, because they are also more searchable.
Trivia, in some countries is important to know the financial instrumentsā legal structure, because the National Tax Authorities demand the segregation of financial instrumentsā type when reporting to them. E.g. ETFs are consider as funds, ETN and ETC are debt instruments, although they are all ETPs.
I also thought about that, you could face a gamma squeeze. Specially on small free float shares.
Meme stocks are short-term phenomenon. Like SPACs.
Seeing the LeverageShares recent offer, we can notice that you are more long-biased than short. only Long 3x, but only Short -1x, except Tesla -2x. Itās a more conservative strategy to protect LeverageShares and also the investors?
@RLX - itās great that you mention that, I think itās worth considering for T212!
Youāre right: all ETFs, ETCs, and ETNs are ETPs - but not the other way around. These products cannot be called ETFs (no diversified underlyings) nor ETCs (since they arenāt commodities).
So for any single stock ETPs, ETN would still be most accurate. Itās a new category, so itās normal not to have a more precise classification I guessā¦
Youāre right - I would say weāre mostly ābullishā overall, given the bull run of 10+ yrs on US stocks.
About the leverage factors: Exactly - it is more conservative. We think that thereās a better chance of a big āgap upā in the underlying stock than the other way around, so -1x (with the exception of Tesla) is the only short leverage factor for now.
But hey - we could be wrong, so whatever investor demand tells us, thatās what we bring to market.
