For more information about's indices, please see Frequently Asked Questions About the TSC Internet Sector Index and Frequently Asked Questions About the TSC E-Commerce Index.

What is E-Finance Index? E-Finance Index is an index that tracks the stock performance of a group of online banking, brokerage and transaction companies. It is neither a mutual fund nor a stock.

What is the ticker symbol for E-Finance Index?

The ticker symbol is XEF. Quotes are available through's

Tools/Quotes section under the symbol


What is an index?

Similar to the

S&P 500

, the

Dow Jones Industrial Average

or the

Russell 2000


indices measure the average performance of a group of stocks, in this case in a certain part of the economy. E-Finance index tracks the average value of a basket of e-finance stocks.

Do any mutual funds track E-Finance Index?

No index funds currently track E-Finance Index, but options based on the index will be available in the summer of 1999.

How do I find more information about options based on E-Finance Index?

Your broker/dealer will be able to help you find more information about the options, which will trade on the

American Stock Exchange

. You can reach the Amex on the Web at

is not involved in the trading of the options and makes no profit from options trades.

Which companies make up E-Finance Index? E-Finance Index is an equal-weighted measure of these 11 prominent e-finance players, which generate much of their revenue from online brokerage, online banking or online transaction services:


(AMTD) - Get TD Ameritrade Holding Corporation Report

CheckFree Holdings




DLJdirect Inc.




E-Loan Inc.


Intuit Inc.

(INTU) - Get Intuit Inc. (INTU) Report

TheStreet Recommends

Knight/Trimark Group

(NITE) Inc.


National Discount Brokers








The Charles Schwab Group


TD Waterhouse


Wit Capital Group


The list and number of companies are subject to change at any time. They will be reviewed periodically to ensure that they continue to represent the e-finance sector accurately.

What is the relationship of E-Finance Index and Internet Sector index? E-Finance Index is a complement to Internet Sector index, not a replacement for it. Internet Sector index is an index of 20 Internet stocks, traded on the

Philadelphia Stock Exchange

under the symbol DOT. The DOT includes many types of Internet companies that are not part of the XEF. E-finance companies are one part of the Internet sector, and we feel E-Finance Index will be a good benchmark for the performance of e-finance companies, while the DOT will continue to represent the performance of the broader Internet sector.

Does recommend that I invest in these index options, or in the companies that make up E-Finance Index?

does not make investment recommendations of any kind. Performance of E-Finance Index has recently been more volatile than many other segments of the economy. Investing in index options like this one involves substantial risks, and individual investors in index options may be in direct competition with professional investors. For individual investors, the index may be more useful as a source of information than a direct trading opportunity. More information about some of the unique risks inherent in trading index options can be found at

What other resources are available on TSC and elsewhere on the Web?

More information on options is available in


Investing Basics section, the


Options Forum, which appears Saturdays, and the daily


Options Buzz column.

More information about options can also be found at the American Stock Exchange

site, and the

Options Industry Council's



What does a E-Finance Index quote mean in relative terms?

For comparison, the index was created with a base value of 100 on May 21, 1999.