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ICE Unveils Leveraged Index Tracking Amazon Stock Price

Guavy AI Editorial Team
Instruments
AMZN
Share

The Intercontinental Exchange (ICE) has introduced a new leveraged index tracking Amazon's stock price. The ICE Leveraged 2x AMZN Index, or NY2LAMZN, aims to offer investors a way to amplify their gains by doubling the daily performance of the S&P 500 component, Amazon.

The new index is based on the actual return of the underlying shares and uses a continuous compounding method. It has been trading since today, according to TradingView.

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