The NYSE Arca Securities Broker/Dealer Index (XBD) is an equal-dollar weighted index designed to measure the performance of highly capitalized companies in the U.S. securities broker/dealer industry. Included in this group are companies in the U.S. that provide securities brokerage services, market making, U.S. Treasury Primary Dealer functions and other functions dealing with U.S. and international securities. The XBD Index was established with a benchmark value of 300.00 on October 15, 1993. The XBD Index is rebalanced quarterly based on closing prices on the third Friday in January, April, July & October to ensure that each component stock continues to represent approximately equal weight in the index. (The index value was later split 2-for-1 on April 14, 1998; split 2-for-1 again on March 23, 1999; and split 5-for-1 on April 19, 2004.)
Market Commentary – July 15th, 2011
A Couple of Thoughts Ahead of the Open: Today is options expiration day. Our charting service has been down for the last 2 days and […]