An exchange-traded product (ETP) is a derivatively priced security which trades during the day on a national stock exchange. ETPs are typically benchmarked to indices, stocks, commodities, or may be actively managed. There are several different types of ETPs, including: * Closed-end funds (CEFs) * Exchange-traded derivative contracts * Exchange-traded funds (ETFs) * Exchange-traded notes (ETNs) which may include: * Exchange-traded certificates (ETCs) * Exchange-traded currencies (ETCs) * Exchange-traded commodities (ETCs)