Deutsche Börse Announces Unscheduled Adjustment in DAX

Deutsche Börse today announced an unscheduled change to the DAX index.

Following the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. Uniper SE will therefore be included in the DAX index for one day on 12 September .

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This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.

Uniper SE will enter the index with a price of zero. The total number of shares and free float used for Uniper SE in the index are given by the parent share, E.ON SE, in the index and the ratio for the spin-off. At the close of Xetra Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Read this Term-trading on 12 September, Uniper SE is taken out of the DAX index, and the E.ON SE weighting will be adjusted accordingly.

The next scheduled index review is 5 December 2016.

Finance Magnates last reported on the activities of the German Börse earlier this week after announcing that a new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Arbitrage Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Read this Term Issuance is now tradable on Xetra and Börse Frankfurt.