UGL on Totality

Products SPA3 Income
1

There was a buy signal for UGL on 24th Feb. I have been informed by Totality that UGL Is not listed on their system. This was there response:

Hi Rob,

Thanks for your patience.

I’ve heard back from our Market Data team. Unfortunately, UGL – ProShares Ultra Gold can’t be added to the Totality platform as it is classified as a Publicly Traded Partnership (PTP), which isn’t supported by Totality.

If you’d like, I’m happy to help look for alternative gold or leveraged gold ETFs that are available on the platform.

Kind regards,
Aaron

2

Rob, that’s one of the reasons I have exited Totality/Saxo

3

Hi WS,

Can you share the broker you now use?

Cheers, A

4

I’m ready to exit Saxo so would love to hear what platform you moved to?

5

Hi Guys, I’m using CommSec International , mainly because I was already with CommSec for my Aussi shares
It’s a bit cumbersome and also dearer than the other platforms - but I prefer it because I like the extra security of the bank

6

Patricia, I left Saxo before they became Totality and moved to CMC Markets. I’m only using it for the ASX but you can also activate US trading and Crypto. I’m not sure if they have UGL and AGQ in their list. Reason for moving was they also have algo trading so can do MOC orders on their website (not available on the app yet), lower fees and I like their watchlists. I can see all my portfolio’s with live values, P&L, etc, on the same page.

7

Dont believe they can do market on close at this stage

8

CommSec do MOC and so far all the Income trades
which have come up

9

CMC does not support UGL, AGQ and UCO.

FYI, some time was invested in researching whether DGP, which is available on Saxo, would fit the minimum trading criteria in place of UGL.

The first red flag is the liquidity. Note the bottom chart in this chart using the Beyond Charts Liquidity xMA indicator.

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The historical liquidity is too low for long periods to be confident about our research results. And the very low increase in liquidity relative to UGL is also an execution concern

The next was asking an AI tool to highlight the differences between UGL and DGP. This is an interesting exercise to understand the different structures used between the two products. I recommend spending 5 minutes doing this for learning purposes.

Note that these ETPs are not the same as equity ETFs. They don’t have the same flexibility as equity index ETFs to create more liquidity from the constituents that comprise the index.

The net result is that it confirmed our initial decision NOT to include DGP in the SPA3 Income universe.

10

So did SWS in their Income Public Portfolio not take the UGL trade because they are using SAXO to trade, or is it still to be updated? I am using Saxo and decided not to take it as it was not available. Does anyone know if SAXO do not trade any other ETF’s in the Income Universe?

11

Hi Kym,

We use Totality so UGL excluded from our Universe atm.

We re looking for alteratives to get access to Gold, Silver and Oil leveraged ETFs.