The new KBW index is designed to replicate the stock performance of all U.S. exchange-listed companies doing business in global capital markets. The 24 companies included in the KBW Capital Market Index account for approximately half of the market capitalization of the entire universe of U.S. listed capital markets-sensitive companies. Index components were selected to provide appropriate representation of the industry’s diverse sub-sectors including broker/dealers, asset managers, trust and custody banks and one exchange, the Chicago Mercantile Exchange.
“KSX will emerge as the benchmark for traders seeking market sensitive trading opportunities in the performance of this important market sector.” said Dan Carrigan, vice president of new product development at the Philadelphia Stock Exchange.
“The depth and breadth of our global research provides us with a uniquely expansive view of the issues facing the entire financial services industry,” said Tom Michaud, vice chairman and chief operating officer of Keefe, Bruyette & Woods. “The KSX provides traders and institutional money managers with a real-time instrument to track and invest in capital markets focused firms.”
Keefe, Bruyette, & Woods, Inc (KBW) is an institutionally oriented securities broker/dealers and full service investment bank that specializes in the financial services sector. Founded in 1962 and 100% employee-owned, the firm has long been recognized as a banking industry authority and, in recent years, has expanded its focus to include insurance companies, broker/dealers, mortgage banks, asset management companies, and specialty finance firms. For more information, please visit www.kbw.com.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,500 equity options, 18 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.
