Difference between revisions of "KBW Bank Index"
(New page: The KBW (Keefe, Bruyette & Woods) Bank Index (BKX), introduced by the International Securities Exchange, is a float-adjusted, modified market-cap index comprising 24 leading national m...) |
|||
| Line 1: | Line 1: | ||
The KBW | The cash-settled KBW Bank Index (BKX), traded on the [[International Securities Exchange]] and [[PHLX]], is a float-adjusted, modified market-cap index comprising 24 leading national money center banks and thrifts used used to hedge exposure to this sector. BKX captures over $1.2-trillion market capitalization of the U.S. banking industry. Citigroup, Bank of America, J.P. Morgan Chase, Wells Fargo, Wachovia, and the Bank of New York Mellon Corp. are a few of the banks covered in the Index. | ||
KBW relates to financial service firm Keefe, Bruyette & Woods, is an institutionally oriented securities broker/dealer and full service investment bank that specializes in the financial services sector. | |||
Trading hours: 9:30 A.M. - 4:00 P.M. Eastern Time (New York time). | |||
Expiration months: Three near-term months followed by two additional month from the March quarterly | Expiration months: Three near-term months followed by two additional month from the March quarterly | ||
Strike price intervals: At least $2.50. | |||
Minimum trading increments: The minimum trading increment for an options contract trading at less than $3.00 is $0.05. The minimum trading increment for an options contract trading at $3.00 or higher is $0.10. | |||
Full specifications: [[1]] | |||
Retrieved from "http://www.marketswiki.com/mwiki/index.php?title=ISE_Revere_Wal-Mart_Supplier_Index" | |||
Revision as of 17:42, 3 October 2007
The cash-settled KBW Bank Index (BKX), traded on the International Securities Exchange and PHLX, is a float-adjusted, modified market-cap index comprising 24 leading national money center banks and thrifts used used to hedge exposure to this sector. BKX captures over $1.2-trillion market capitalization of the U.S. banking industry. Citigroup, Bank of America, J.P. Morgan Chase, Wells Fargo, Wachovia, and the Bank of New York Mellon Corp. are a few of the banks covered in the Index.
KBW relates to financial service firm Keefe, Bruyette & Woods, is an institutionally oriented securities broker/dealer and full service investment bank that specializes in the financial services sector.
Trading hours: 9:30 A.M. - 4:00 P.M. Eastern Time (New York time).
Expiration months: Three near-term months followed by two additional month from the March quarterly
Strike price intervals: At least $2.50.
Minimum trading increments: The minimum trading increment for an options contract trading at less than $3.00 is $0.05. The minimum trading increment for an options contract trading at $3.00 or higher is $0.10.
Full specifications: 1
Retrieved from "http://www.marketswiki.com/mwiki/index.php?title=ISE_Revere_Wal-Mart_Supplier_Index"