The KBW Regional Banking Index is an equal weighted index that seeks to reflect the performance of publicly listed companies that engage as banks or thrifts across all regions in the U.S.
The KBW Mortgage Finance Index is a float adjusted modified market capitalization weighted index that seeks to reflect the performance of publicly listed companies that engage as pure mortgage players, mortgage insurers, title insurers, and banks and thrifts that have considerable loan portfolios in the U.S.
"The KBW Regional Banking and Mortgage Finance Index further establishes PHLX as the benchmark Sector Index exchange," said Daniel Carrigan, PHLX vice president for new products. "Traders and investors alike can participate in the direction of these two important sectors that touch their lives everyday.”
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades 2,000 stocks, 1,700 equity options, 23 sectors index options and currency options and futures. For more information about the PHLX and its products, visit www.phlx.com.
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.
