Some ETPs (Exchange Traded Products) on our platform, offered by providers, such as GraniteShares and Leverage Shares, give the chance to trade instruments that track the price movement of a defined underlying asset in a different format, e.g. 3xLong, 1xShort, etc. These instruments may include commodities, ETFs, and stocks.
It is important to differentiate between the actual underlying asset which could potentially be available for trading on the platform and the ETP which is based on it.
As an example, Tesla, Inc is an instrument traded on NASDAQ and 3x Long Tesla GraniteShares is an ETP, provided by GraniteShares which tracks Tesla’s price as an underlying asset. However, it is traded on the London Stock Exchange and its price is leveraged which makes it possible for certain differences in (3x) the current price to be present.