Difference between revisions of "KBW Bank Index"

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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.
The cash-settled KBW Bank Index (BKX), traded on the [[International Securities Exchange]] and [[PHLX]] (BKXSM is a service mark of the Philadelphia Stock Exchange, Inc.), 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.  


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.


A modified-capitalization-weighted index, it is evaluated at least annually by Keefe, Bruyette & Woods (KBW) to assure that the composition is highly representative of the banking industry. KBW 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).


The BKX Bank Index 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




'''Full ISE specifications''': [[http://www.ise.com/WebForm/options_product_indexDetails.aspx?categoryid=234&header0=true&menu2=true&link2=true&symbol=BKX]]


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 PHLX specifications''': [[http://www.phlx.com/products/bkx.html#contract]]




Full specifications: [[1]]
== Resources ==


Retrieved from "http://www.marketswiki.com/mwiki/index.php?title=ISE_Revere_Wal-Mart_Supplier_Index"
International Securities Exchange [[http://www.ise.com/WebForm/options_product_indexDetails.aspx?categoryid=234&header0=true&menu2=true&link2=true&symbol=BKX]]
 
 
Philadelphia Stock Exchange [[http://www.phlx.com/products/bkx.html]]
 
 
Keefe, Bruyette & Woods [[http://www.kbw.com/about/index.html]]
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