The Executive Board of Deutsche Börse AG in consultation with the Working Committee for Equity Indices today decided to make additions to the Guide to Equity Indices effective as per 3 November 2008.
Thus, an index constituent can be removed from the selection indices DAX, MDAX or SDAX outside the regular adjustment dates, if its weighting in the index concerned on a trading day is over 10,0 percent at the end of trading due to its current free-float market capitalization and if the stock chart shows an annualized volatility over the course of the preceding 30 trading days (30-days-volatility) of more than 250 percent. The applicable figures are being published by Deutsche Börse AG on a daily basis. The decision to take out index constituents prematurely is made by the Executive Board of Deutsche Börse AG in consultation with the Working Committee for Equity Indices. Removing will be done by the end of the second trading day after the decision.
Companies which would drop out due to these rules can only be included again, if their 30-days-volatility (annualized volatility of the stock over a period of 30 trading days) at the particular call date of the making of the ranking and on the 14 preceding days is each under 150 percent.
Market Data & Analytics
Deutsche Börse Market Data & Analytics collects, refines and disseminates capital market-relevant data. The product range includes price data, trading statistics, analyses, master data and approximately 2,600 indices, which document what is happening on the international financial markets, and make it transparent. The addition of the Xpect Data product to the product portfolio in March 2008 was the first time off-exchange information had been included; this is to be followed by European Directors’ Dealings information in September 2009.
