KBW Bank Index

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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 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.


Expiration months: Three near-term months followed by two additional month from the March quarterly