ETP Guide: How Exchange Traded Products Work 2021-06-01 17:30:00 DFX Research, WHAT IS AN ETP? Exchange traded products (ETPs) are exchange-listed investment vehicles that typically track the movements of an underlying index, sector, commodity or financial instrument. The value of each ETP security is tied to both the value of its underlying and its market demand. This means that prices can appreciate or depreciate – like stocks and other securities – over time. To restate this, ETPs are securities that can be bought and sold on public exchanges in the same way as normal stocks. Whereas a stock’s price is highly dependent on the value of the company it represents, the value of an ETP is largely based on the value of the securities or assets it tracks.