Etp products refer to open investment products with certain leverage listed on trading platforms. Unlike spot futures, etp products usually do not need margin or mortgage assets, and at the same time, they also avoid the risk of product holders' short positions. Etp products are similar to the operation of stocks, and will be traded and settled during the day on the national trading platform. In essence, ETP products are securities products with the nature of structured debt. At the same time, etp products are linked to other types of securities, commodities or indexes in value, and the basic benchmark index of the securities market will be tracked through passive investment to reflect and replicate the performance trend of specific products in the securities market.