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The 20 greatest trading innovations

The TRADE

In Europe, the SI regulatory regime was introduced in 2007 as part of the Mifid I regulation. The first ETF to launch in the US was the SPDR S&P 500 ETF (SPY) in 1993. Designed to reflect a new method of measuring volatility the index is now based on the S&P 500 Index (SPX) for US equities.

Trading 120