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About iShares Russell 2000 ETF
IWM tracks the value of the iShares Russell 2000 ETF, an exchange-traded fund that tracks the Russell 2000 index of small-cap US stocks.
On Lighter, IWM is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
IWM is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Equity Indices.
Frequently Asked Questions
- What is IWM?
- IWM tracks the value of the iShares Russell 2000 ETF, an exchange-traded fund that tracks the Russell 2000 index of small-cap US stocks.
- Does trading IWM give me any of the rights of owning shares in the underlying ETF?
- No. IWM is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the underlying ETF's shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying fund.
- Where is iShares Russell 2000 ETF listed, and in what currency does IWM trade?
- iShares Russell 2000 ETF is listed on NYSE Arca, and its shares trade in U.S. dollars. IWM's price already reflects that U.S. dollars, with no currency conversion involved.
- IWM on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of the iShares Russell 2000 ETF. It trades on Lighter, so you can go long or short without holding any units.
- IWM on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of the iShares Russell 2000 ETF. It trades on Lighter, so you can go long or short without holding any units.
- Can IWM's price on Lighter differ from the price on other venues?
- Yes. Lighter's IWM market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because IWM on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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