On Tuesday, in a statement German exchange operator Deutsche Boerse said, its blue-chip DAX index will expand from the current 30 companies to 40 and will include tougher membership criteria.

The development comes in the wake of the Wirecard accounting scandal which marked the biggest shake-up in the index’s history.

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Tags: accounting scandal, blue chip, DAX index, Deutsche Boerse, exchange operator, German, Germany, index’s history, membership criteria, shake up, Wirecard