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Re: SPX and SPY



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At 05:46 PM 8/7/98 -0700, you wrote:
>Dear Group,
>
>My understanding is as follows:
>
>SPY, produced by the Chicago Mercantile Exchange, is the cash index on
which the
>CME S&P 500 futures contracts (nearby is currently SPU) are based.



There is also a SPY symbol on the Amex as Don says. It is the Spyder contract.
S&P 500 cash index equivalents that let you short on an uptick and are
traded as equity shares.


>SPX, produced by the Chicago Board of Options Exchange, is the cash index on
>which the CBOE S&P 500 options contracts (SPX calls and puts) are based.
>
>OEX, produced by the Chicago Board of Options Exchange, is the cash index on
>which the CBOE S&P 100 options contracts (OEX calls and puts) are based.
>
>Sincerely,
>
>Richard Josslin
>
>hans esser wrote:
>
>> thanks for this and similar private messages - so I guess I have to subscribe
>> to AMEX to get that SPY symbol.....
>>
>> thanks
>> rgds hans
>>
>> > hans esser wrote:
>> > >
>> > > In BMI a friend receives SPX and SPY - first is SP CASH, what is the
>> > > second symbol and what is THAT in DBC´s symbol list please
>> > >
>> > > thanks
>> > > rgds hans
>> >
>> >
>> > SPY is the american depositary reciepts of the S&P 500.  They trade like
>> > equity shares.  Also I believe that they can be sold without the up tick
>> > rule.
>> >
>> > Don
>> >
>
>
>
>
Michael Paauwe
mpaauwe@xxxxxxxxxx