Exchange traded product (ETP)

Exchange traded product (ETP) – A type of security that is derivatively-priced and which trades intra-day on a national securities exchange. ETPs are priced, where the value is derived from another investment instrument such as a commodity, currency, share price or interest rate. Generally, ETPs are benchmarked to stocks, commodities, indices or they can be actively managed funds. See Exchange traded funds and Exchange traded notes.