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About Invesco QQQ Trust
QQQ tracks the value of 1 share of the Invesco QQQ Trust. The ETF tracks the performance of the Nasdaq-100 Index, composed of the 100 largest non-financial companies listed on the Nasdaq exchange.
On Lighter, QQQ 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.
QQQ 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 QQQ?
- QQQ tracks the value of 1 share of the Invesco QQQ Trust. The ETF tracks the performance of the Nasdaq-100 Index, composed of the 100 largest non-financial companies listed on the Nasdaq exchange.
- Does trading QQQ give me any of the rights of owning shares in the underlying ETF?
- No. QQQ 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 Invesco QQQ Trust listed, and in what currency does QQQ trade?
- Invesco QQQ Trust is listed on the Nasdaq, and its shares trade in U.S. dollars. QQQ's price already reflects that U.S. dollars, with no currency conversion involved.
- QQQ on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of the Invesco QQQ Trust. It trades on Lighter, so you can go long or short without holding any units.
- QQQ on Lighter is a synthetic perpetual market that tracks price exposure linked to 1 share of the Invesco QQQ Trust. It trades on Lighter, so you can go long or short without holding any units.
- Can QQQ's price on Lighter differ from the price on other venues?
- Yes. Lighter's QQQ 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 QQQ 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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