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[Music] hey everyone kieran king here today we are talking about exchange traded notes or etns first of all i just want to say thanks to one of my subscribers for requesting this video if any of you have any other requests for financial related videos please please do write them down in the comments and i will hopefully get around to doing them so exchange traded notes i assume you already know what a stock exchange is essentially a public market for certain stocks the next thing we need to discuss is what a stock market index is now an index is basically something that measures a particular segment of a financial market for example you have something called the s p 500 index which looks at the 500 of the largest companies in the us and spits out a value another example here in the uk might be the ftse 100 index which tracks the top 100 companies listed on the london stock exchange and again gives us a value we can understand and say that group of stocks together is worth x so lets g