KBW and Nasdaq Launch Global Bank Index
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NASDAQ OMX Group (NDAQ), KBW( SF) Launch G-SIB-Designated Bank Tracking Index
July 13, 2015 6:22 AM UTCKeefe Bruyette & Woods (KBW), a Stifel company (NYSE: SF), and Nasdaq (Nasdaq: NDAQ) announced the launch of the KBW Nasdaq Global Bank Index (Ticker: GBKX), the first and only index designed to track the performance of those banks designated as global systemically important (G-SIBs) by the Financial Stability Board and Basel Committee on Banking Supervision. The 28 banks included in the KBW Nasdaq Global Bank Index represent 45% of the global investable banking universe and account for approximately $3T in total market cap.
Global banks trade together,... More
