Source: https://mochatrade.com/learn/glossary/spy-etf

# SPY ETF
URL: https://mochatrade.com/learn/glossary/spy-etf
Last modified: 2026-10-17

SPY is the SPDR S&P 500 ETF, the first US-listed ETF (1993) and one of the most traded securities on earth, so its price is effectively the live price of the US market. It is valued at [the official close every night](https://mochatrade.com/learn/us-market-structure/how-us-stock-prices-form), its options sit next to the ones [the VIX is built from](https://mochatrade.com/learn/start-here/how-to-read-us-market-news), and you can [check which index contracts are listed](https://mochatrade.com/support/what-can-i-trade-on-mochatrade).

## Related terms

- S&P 500: https://mochatrade.com/learn/glossary/sp-500
- Pre-IPO stocks: https://mochatrade.com/learn/glossary/pre-ipo-stocks
- IPO (US): https://mochatrade.com/learn/glossary/ipo
- US ETF: https://mochatrade.com/learn/glossary/us-etf
- Index ETF: https://mochatrade.com/learn/glossary/index-etf
- CME Group: https://mochatrade.com/learn/glossary/cme-group