I hope all of you had a great easter week-end
Following your comment about bid/ask spread on 3x NIO ETP, I contacted our Market Maker this morning. After verification from their end, typical bid/ask spread during US market close (UK Trading hours only) is between 4 and 4.5%… and during US market opens, typical bid/ask spread is between 1 and 1.5%.
They told me that given the volatility on the NIO stock, this kind of spread is already competitive. The only way to improve spreads is to increase trading volumes on exchange. This will be also monitored by the MM in case of lower volatility on NIO Stock.