The 20 greatest trading innovations
The TRADE
OCTOBER 24, 2024
The first ETF to launch in the US was the SPDR S&P 500 ETF (SPY) in 1993. Created by Cboe Global Markets in 1993, the original index was used to measure the market’s expectation of 30-day volatility suggested by at-the-money S&P 100 Index (OEX Index) option prices.
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