InvestTrade

Markets

Stocks
Equity securities
Debt Securities
Fixed income securities
Funds & ETFs
Investment funds
ETPs
Exchange traded products
Tokenized Assets
Digital securities
Upstream Exchange
upstream.exchange

Trading

Listed Issuers
Listed companies and funds
MERJ Exchange
Professional trading platform
Market Data
Real-time market data
Market News
Latest market updates
Market Hours
Global trading schedules
Trading Fees
Complete fee schedule

Membership

Become a Member
Join the exchange
Broker-Dealers
Licensed broker-dealers
Member Directory
Find trading members
Sponsor Advisors
Professional advisory services
Direct Participants
Direct market access

Listing

List Your Company
Get started with listing
Compare Markets
Exchange comparison
Listing Process
Step-by-step guide
Ways to List
Listing options
Sponsor Advisors
Qualified listing advisors
Regulatory Framework
Rules and regulations

Exchange Traded Products

ETPs are exchange-traded securities that allow investors to invest and trade in instruments that track underlying commodities, currencies, cryptocurrencies, indices, and more.

What are ETPs?

Exchange Traded Products (ETPs) are a type of exchange-traded security that allows investors to invest and trade in instruments that track underlying commodities, currencies, cryptocurrencies, indices, reference rates, and more in an easily accessible way.

ETPs on MERJ are fully collateralized debt instruments that provide direct exposure to the underlying instrument(s). ETPs may represent a single underlying asset or a basket of instruments.

Key Feature: ETPs on MERJ trade on a quote-driven market (QDM) supported by liquidity provision ensuring consistent 2-way pricing throughout the trading day for each product.

Exchange Traded Commodities (ETCs)

ETCs are open-ended securities traded on securities exchanges like MERJ that track the performance of underlying commodities, currencies, and cryptocurrencies without requiring any exposure to futures or taking physical delivery of the underlying asset.

ETC Types

  • • Exchange Traded Commodities - Physical commodity exposure
  • • Exchange Traded Currencies - Foreign exchange exposure
  • • Exchange Traded Cryptocurrencies - Digital asset exposure

Key Features

  • • 100% physically backed products
  • • No futures exposure required
  • • Optional conversion to underlying asset
  • • Best of exchange and spot markets

Coming Soon: MERJ is rolling out a suite of 100% physically backed ETC products that offer unique features exclusive to MERJ.

Exchange Traded Notes (ETNs)

ETNs are a category of ETP that track underlying indices, reference rates, equities, and baskets similar to an ETF, but issued and redeemed continuously as a debt instrument.

ETN Structure

  • • Issued as debt instruments
  • • Continuous issuance and redemption
  • • Track indices and reference rates
  • • Similar to ETFs but different structure

Issuers

  • • Banks with large balance sheets
  • • Financial institutions
  • • Collateralized by issuer balance sheet
  • • Professional counterparty backing

Trading on MERJ

Quote-Driven Market

Consistent 2-way pricing throughout the trading day

Liquidity Provision

Dedicated liquidity providers ensure market efficiency

Direct Exposure

Direct access to underlying assets and indices