Switzer, Lorne N.; Varson, Paula L.; Zghidi, Samia - In: Journal of Futures Markets 20 (2000) 8, pp. 705-716
In response to the need for a simple financial instrument that enables retail investors to participate easily and quickly in the U.S. equity market and that facilitates basket trading by institutions, the American Stock Exchange introduced Standard and Poor’s Depository Receipts (SPDRs) on...