STOXX decides rule change for DAX Selection Indices
(WorldNews Europe)

Qontigo`s global index provider STOXX Ltd. has announced rule changes for the DAX family. STOXX decided to adopt the definition of Insolvency Event as proposed in the recent market consultation. According to the new rules, insolvent companies shall be removed from the DAX Selection Indices with two trading days` notice. The rules will become effective on 19 August. Changes to the composition of DAX Selection Indices will be communicated on 19 August 2020 after 22:00 CET and implemented on 21 August after market close. The affected indices will be calculated with the new composition as of 24 August 2020. Given the current situation, these rule changes would apply to Wirecard AG. The decision...