The company emphasized once again that the new exchange organization iX-international exchanges will not prescribe any market segment for the issuers. Instead, a designated market for blue chips based on British rules and regulations will be set up in London and will be available as an option for the issuers. The issuer is the one who makes the decision to be traded on this market. Companies that do not wish to be traded in the new blue-chip market can be traded at FWB, the Frankfurt Stock Exchange, as they have up to now.
A listing in the issuer's home country is to be sufficient for admission as an issuer to the blue-chip segment of ix-international exchanges. Issuers would have to agree to ongoing reporting obligations according to international standards for trading to be initiated in their shares, but they would not have to go through any elaborate listing procedure with the English supervisory authority, FSA. Trading is then subject to supervision by the British authority. "That takes care of the subject of delisting or dual listing," said Volker Potthoff, member of the Deutsche Börse Executive Board. iX-international exchanges do not want to put their customers under any unnecessary strain, but instead want to offer them additional opportunities, as Potthoff explained. As soon as the concepts for the market model have been worked out in detail, Deutsche Börse and LSE want to consult market participants and supervisory authorities.
Deutsche Börse also indicated that Kley's question regarding the continuation of the DAX stock index had also been answered. The DAX will continue to exist as an index for the German market, as long as there is a demand for indexes for national markets. Aside from that, iX-international exchanges will build up a uniform and consistent index family with a pan-European approach.
