Deutsche BÃ¶rse has specified its Guide to Equity Indices and has established a new replacement rule, in case a member of the DAXÂ® index leaves the index as per the fast exit rule.
The current fast exit rule itself will remain in effect. It says: An index member is to be replaced if its position on the respective ranking list is higher than 45 in one of the two criteria market capitalization or stock exchange turnover.
The updated guide specifies the determination of its successor in the
is the share with the highest market capitalization taking position 35 or better on the ranking list according to market capitalization and taking position 45 or better according to stock market turnover. This new rule of succession will be effective 26 January 2009.
The next regular review of the equity indices of Deutsche BÃ¶rse is scheduled for 4 March 2009.