NEW YORK, Aug. 24, 2011 /PRNewswire/ -- Oritani Financial Corp. (NASD: ORIT) will replace optionsXpress Holdings Inc. (NASD: OXPS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 31, 2011. optionsXpress Holdings is being acquired by S&P 500 constituent The Charles Schwab Corp. (NYSE: SCHW) in a deal expected to be completed on or about that date pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Oritani Financial provides retail and commercial banking services. Headquartered in Township of Washington, NJ, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Thrifts & Mortgage Finance Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - August 31, 2011 | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Oritani Financial | Financials | Thrifts & Mortgage Finance | |
DELETED | optionsXpress Holdings | Financials | Investment Banking & Brokerage | |
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About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
For more information contact: | |
David M. Blitzer, Ph.D. | |
Managing Director & Chairman of the Index Committee | |
(212) 438-3907 | |
SOURCE Standard & Poor's
