Trading ETPs is similar to trading shares but there are some important differences.
Similarities: The basic process for buying and selling ETPs is the same as trading shares. Orders (market, limit, etc.) are entered during exchange trading hours via a normal brokerage account. Settlement of the trade takes place two business days after the transaction (T+2). For a purchase, legal ownership of the ETP is transferred to the investor and for a sale, funds are deposited into their account.
Differences: Despite the similarities in the trading process, there are some additional considerations when trading ETPs, such as the role of the market maker and the best time during market hours to trade ETPs.
Leverage Shares ETPs are listed on the London Stock Exchange (LSE), Xetra, Euronext Paris, Euronext Amsterdam and Borsa Italiana. Investors can buy or sell ETPs electronically on these secondary markets through their broker, with the same order types as shares, but not directly with Leverage Shares.
ETPs settle the same way as shares through the CREST settlement system. Therefore, investors who can trade/settle shares on these exchanges can also trade Leverage Shares ETPs in the same way. Leverage Shares ETPs track some of the most liquid benchmarks, commodities, and stocks worldwide, therefore there is substantial underlying liquidity in our ETPs.
Leverage Shares has market maker arrangements with BNP Paribas. A market maker is a professional trader who is appointed by the exchange or the product issuer to provide liquidity in the ETPs by providing quotes throughout the trading day and updating their prices to reflect changes in the underlying markets. Market makers also play an important role in ensuring that buyers and sellers of ETPs can transact at prices close to the net asset value (NAV) of the ETPs.
In practise, each day Leverage Shares publishes the list of ETPs, enabling the market maker to calculate the NAV of the ETPs throughout the trading day. This helps the market maker to more accurately price the ETPs. They place a ‘spread’, around the NAV, resulting in a big and offer price, at which to buy or sell the ETPs.
Order book liquidity is provided by the market maker (BNP Paribas) who enters into agreements with the LSE, Xetra, Euronext Paris, Euronext Amsterdam, Borsa Italiana, and Leverage Shares. This ensures that bid and offer prices, are provided continuously throughout market hours. Thus, investors can buy and sell Leverage Shares ETPs as they would normally trade shares, using the usual equity order types such as ‘limit’, ‘market’, ‘stop loss’, etc. Its advisable investors use ‘limit’ orders and avoid ‘market’ ones. The minimum size to trade our ETP universe is 1 share.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Julian joined Leverage Shares in 2018 as part of the company’s primary expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined Leverage Shares from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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The value of an investment in ETPs may go down as well as up and past performance is not a reliable indicator of future performance. Trading in ETPs may not be suitable for all types of investor as they carry a high degree of risk. You may lose all of your initial investment. Only speculate with money you can afford to lose. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice. Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuer.
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Certain documents made available on the website have been prepared and issued by persons other than Leverage Shares Management Company. This includes any Prospectus document. Leverage Shares Management Company is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Leverage Shares Management Company shall not be responsible for loss occasioned as a result of reliance placed on any part of the website and it makes no guarantee as to the accuracy of any information or content on the website. The description of any ETP Security referred to in this website is a general one. The terms and conditions applicable to investors will be set out in the Prospectus, available on the website and should be read prior to making any investment.
Leverage Shares exchange-traded products (ETPs) provide leveraged exposure and are only suitable for experienced investors with knowledge of the risks and potential benefits of leveraged investment strategies.
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