What does the cryptic crossword clue "Latest information unknown: work for MI6? (3)" mean?

The definition is "work for MI6?". The wordplay uses acrostic. SP (synonym="abbreviation for “starting price” = odds offered at the start of a horse race, and by extension slang for the latest inside information on a particular topic") + Y (synonym="mathematical symbol for an unknown number") = SPY; definition: "work for MI6?" The answer is SPY.

Latest information unknown: work for MI6? (3)

Independent Cryptic #11675 | 18 Across | 2024-03-12 flower

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