Update of the FTSE/ATHEX Index Series Ground Rules
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January 18th, 2024 |
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| Update of the FTSE/ATHEX Index Series Ground Rules | |||
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The Athens Stock Exchange and FTSE Russell, with a focus on the continues improvement of the management and calculation processes of the indices, following consultation with members of the ATHEX Advisory Committee for the Management of Stock Market Indices, announce an update to the FTSE/ATHEX Index Series Ground Rules.
Specifically, the rules will be updated to incorporate a change in the metric used for the final ranking of companies during their semi-annual review of composition.
The final ranking will now be determined based on the "Average Total Market Capitalization" of the last month in the respective review period, replacing the previous metric of "Total Market Capitalization" on the last trading day used until now.
The change takes immediate effect and will be applicable during the upcoming semi-annual review of the FTSE/ATHEX Index Series during which the "Average Total Market Capitalization" of April 2024 will be used.
For a detailed overview, please see:
Ground Rules for the Management of FTSE/ATHEX Index Series (ver 8.6)
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About Athens Exchange Group
The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.
Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatives markets, the alternative market and performs clearing and settlement of trades.
The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework.
In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.
Its shares are traded on the Main Market of the Athens Exchange (Symbol: EXAE).
The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.