Hi @SiLowe. Please keep in mind that these are daily leveraged ETPs. This means that longer holding periods can lead to some whacky performance if there’s no trend - due to what’s called the compounding effect.
I’ve been away last few weeks, but will be glad to share the new list once the ETPs are available for trading on the platform. I’ve asked the T212 team to add them today, so they should be live in the next few days.
Sure. As usual, the new ETPs all track existing instruments - just with leverage or short exposure.
Leveraged ETPs: We buy the underlying instruments to make sure the leveraged exposure is fully backed. Example: For $1M worth of 3x NIO ETP issued, LS (Leverage Shares) buys $3M worth of NIO stock to be held as collateral. The added financing for the purchase of the underlying instruments (margin loan) is provided by IBKR.
Inverse ETPs: LS simply shorts the underlying instrument(s) and holds cash as collateral. Pretty simple. No swaps, no derivatives, no futures contracts.