The DAX futures market is based upon the DAX stock index, which is the primary stock index of the DTB (Deutsche Boerse) in Germany. The DAX index is calculated using prices from the Xetra electronic trading system from 9:00 AM to 5:30 PM Central European Time, and the DAX futures market is traded on the Eurex electronic trading system from 8:00 AM to 10:00 PM Central European Time. The DAX futures market has a daily trading volume of approximately 200000 contracts, and a daily price range of approximately 80 points (160 ticks).
Companies
As of February 2007, the DAX stock index includes the following 30 companies :
- Adidas
- Allianz
- Altana
- BASF
- Bayer
- BMW
- Commerzbank
- Continental
- DaimlerChrysler
- Deutsche Bank
- Deutsche Boerse
- Deutsche Post
- Deutsche Postbank
- Deutsche Telekom
- E.ON
- Fresenius Medical Care
- Henkel
- Hypo Real Estate
- Infineon Technologies
- Linde
- Lufthansa
- MAN
- METRO
- Muenchener Rueck
- RWE
- SAP
- Siemens
- ThyssenKrupp
- TUI
- Volkswagen
Contract Specifications
The full contract specifications for the DAX futures market are as follows :
- Symbol (IB / Sierra Chart Format) : DAX
- Expiration date (as of February 2007) : March 16 2007
- Exchange : DTB
- Currency : EUR
- Multiplier / Contract value : 25 EUR
- Tick size / Minimum price change : 0.5
- Tick value / Minimum price value : 12.50 EUR
Holidays
In 2007, the DAX futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
- January 01
- April 06
- April 09
- May 01
- May 28
- December 24
- December 25
- December 26
- December 31