AEX index family: eligibility companies trading below €1,-
At present all companies trading below 1 euro are excluded from the AEX-index family. The objectve of this rule was to prevent inclusion of companies whose pricing level was seen as not representative for the market, due to the possibility of liquidity issues and price jumps that are typical for stocks trading at low prices.
As it has been observed that this also could affect companies that do show a normal trading pattern Euronext is considering to remove the rule, but keep the possibility to do so in cases where tradability is at risk.
All stakeholders of indices that are provided by Euronext are invited to review the proposed changes and give their feedback on them. The consultation will remain open until 06 July 2019.
Euronext Indices is committed to provide indices that respond to the best of its abilty to the needs of all stakeholders of its indices. In order to achieve this and in response to developments on the markets frequent feedback is sought among the known users of the indices. For major changes Euronext Indices will launch consultations from time to time via this page.
Each consultation will be open for at least 3 weeks.
A summary of the comments received will be published within 3 weeks after the consultation is closed. In principle the comments will be made public anonymously, indicating only the nature of person or institution providing the comment.
Taking into account the feedback received in the consultation, the Administrator will formulate a proposal for a rule change to the appropriate oversight committee for approval. As a rule such decision will be taken within 3 months after the decision.