No effect on the fee - 0.15% on top of fees built into QQQ. They are not FX hedged, so you still have the currency risk when buying outside of base currency (e.g. you buy in EUR or GBP when underlying trades in USD) but save on FX commissions.
Hey @Vedran - thanks for letting me know. Looking in Bloomberg I also see that it’s quite wide (3.877 - 4.224 currently), let me try to see what’s up. And no - this definitely should not be business as usual…
Ok not sure what the issue was (algo out of whack I guess), but BNP confirmed it should be improved now. Pls reach out if you witness these kinds of issues, especially if there’s no underlying market narrative that would warrant such spreads…
Thanks @Vedran. Just had a long chat with them again - they told me the fix should be permanent, so please let me know if you see this issue again on 3VTE. I see 3XEE is at more normal levels now - but I’ll be keeping a closer eye on the full range in the upcoming week. Cheers.
Sorry for the late replies @Vedran (travelling all week). Let me check and get back to you.
I did notice that close to UK market close there has been some widening of spreads on a few products which should not be happening (unless there’s some spike in vol on underlying).
Holding a 3x leveraged hype/growth stock these days is like playing with fire…
Yeah I expect pretty horrible spreads on 3x Roku today to be honest (especially before US open). The thing with overseas growth stocks that barely trade in Europe (in GDR form) is that market makers have trouble with price discovery - especially on volatile days like this. Hopefully will improve after US open, but I’ll be monitoring it throughout the day. Thanks @Vedran!
Any idea why the 3x Nio can be so far off whats happening with the Nio price?
Nio at $23+ right now a 6 week + high, yet 3x is nowhere near the 13p+ it was when Nio was at $23 in early March?