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SPDRs SPIN HIGHEST MONTHLY VOLUME DURING OCTOBER; ALSO SETS DAILY VOLUME MARK

 NEW YORK, Nov. 1 /PRNewswire/ -- Monthly trading volume in Standard & Poor's Depositary Receipts(TM) (SPDRs(TM)) climbed to an all-time high during October, totaling 6,942,900 shares, up 15 percent from the previous monthly high of 6,034,500, set in July. The security trades on the American Stock Exchange under ticker symbol, SPY.
 Volume for SPDRs (commonly referred to as spiders) also reached two new daily highs on Oct. 4 and Oct. 15, with 1,038,500 and 1,502,500 SPDRs traded, respectively. In addition, the SPDR Trust has grown to $464 million, with approximately $1.8 billion worth of SPDRs having traded since launched on Jan. 29, 1993.
 Year-to-date, SPDRs have been the third most actively traded security in terms of dollar volume on the Exchange. Trading like a common stock, SPDRs represent an interest in a unit investment trust that holds a portfolio of common stocks intended to track the price and yield performance of the S&P 500 Index(TM).
 -0- 11/1/93
 /CONTACT: Kathleen Fitzpatrick, manager - derivative securities communications of American Stock Exchange, 212-306-1697/
 (SPY)


CO: Standard & Poor's ST: New York IN: FIN SU:

MP -- NY069 -- 9224 11/01/93 14:20 EST
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Publication:PR Newswire
Date:Nov 1, 1993
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