SPDR
Posted By: TradersLog
Referred to as Spiders, SPDR stands for Standard & Poor’s Depositary Receipt. SPDR’s are designed to track the value of the S&P 500, and trade just as stocks do on the American Stock Exchange under the symbol SPY. One SPDR unit is valued at approximately one-tenth of the value of the S&P 500.
Twitter
Facebook
LinkedIn
Leave a Reply
By submitting a comment here you grant Traders Log a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.