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Re: S&P 500 Index Cash Symbol (SPY)



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I don't think so. Ira

Gary Fritz wrote:

> I wrote:
> > This has always confused me.  Why does SPY on my BMI feed show a
> > closing price on 8/24 of 1088.13 -- exactly identical to the SPX
> > closing price?
>
> Thanks to some pointers from Jay Mackro and Ira <ist@xxxxxx>, I think
> I've figured this out.
>
> Ira said the SPY I was seeing was identical to SPX, but broadcast
> from NY instead of Chicago.  (Why?  I have no idea.  Nor do I know
> why these supposedly-identical indices sometimes differ by a few
> ticks.)  Apparently the symbol SXY is a similar clone of OEX.
>
> Following a suggestion from Jay, I dug around in my symbol universe a
> bit, and discovered *three* SPY symbols:
>
>   * The SPY *index* from CME.  This is the same-as-SPX index
>     that I had in my portfolio.
>
>   * A SPY stock (Serenpet Inc) traded on the TSE.
>
>   * A SPY *stock* on AMEX -- "Standard & Poor'S Dep Receipts".
>     Bingo!
>
> I've deleted my previous SPY symbol and replaced it with the SPDR.
> For some reason I haven't started receiving any data on it yet, but
> presumably I will eventually.
>
> Gary