- Main Navigation
- Products
- Product Overview
- Dynamic Product List
- Interest rate derivatives
- Equity derivatives
- Equity index derivatives
- FX derivatives
- Dividend derivatives
- Volatility derivatives
- Exchange Traded Funds derivatives
- Commodity derivatives
- Property derivatives
- Eurex Trade Entry Services
- Eurex derivatives in the U.S.
- GMEX IRS Constant Maturity Futures
- Eurex/KRX Link
- Eurex/TAIFEX Link
- Vendor product codes

- Trading
- Market data
- Technology
- Education
- Resources

## Service Navigation

# DAX® Futures

## DAX® Futures (FDAX)

- Product ISIN
- DE0008469594
- Underlying ISIN
- DE0008469008

- Currency
- EUR

## Latest

#### Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:**Nov 27, 2015 22:03:37**

Orderbook

Opening price | High | Low | Bid price | Bid volume | Ask price | Ask volume | Diff. to previous day | Last price | Date | Time | Daily settlem. price | Traded contracts | Open interest (adj.) | Open interest date | Last trading day |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

n.a. | n.a. | n.a. | 11,298.00 | 0 | 11,304.50 | 0 | -0.01% | 11,304.50 | 11/27/2015 | 22:03:37 | 11,294.00 | 63,413 | 143,396 | 11/27/2015 | 11/27/2015 |

#### Statistics

Data is for **Nov 27, 2015** Last update: **Nov 28, 2015 00:00:00**

Delivery month | Opening price | Daily high | Daily low | Underlying closing price | Settlem. price | Traded contracts | Open interest (adj.)* |
---|---|---|---|---|---|---|---|

Dec 15 | 11,251.50 | 11,356.00 | 11,243.00 | 11,304.50 | 11,294.000 | 63,413 | 143,396 |

Mar 16 | 11,262.50 | 11,360.00 | 11,254.00 | 11,304.00 | 11,303.000 | 249 | 25,314 |

Jun 16 | 11,295.00 | 11,385.00 | 11,295.00 | 11,335.00 | 11,330.000 | 35 | 2,071 |

Total | 63,697 | 170,781 |

#### Vendor Codes

Vendor Name | Vendor Code |
---|---|

Bloomberg L.P. | GXA Index CT |

ComStock | <17>l,FDAXmy |

CQG | DD |

SIX Telekurs | DAX |

Thomson Financial | FDAX/F.EX* |

thomsonreuters | <0#FDX:> |

vwd | 2701 & 2705 |

## Trading

#### Contract Specifications

**Contract standards**

Contract | Product ID | Underlying |

DAX® Futures | FDAX® | DAX®, the blue chip index of Deutsche Börse AG |

Mini-DAX® Futures | FDXM | |

DivDAX® Futures | FDIV | DivDAX®, the dividend index of Deutsche Börse AG |

MDAX® Futures | F2MX | MDAX®, the international mid cap index of Deutsche Börse AG |

TecDAX® Futures | FTDX | TecDAX®, the international technology index of Deutsche Börse AG |

**Settlement**

Cash settlement, payable on the first exchange day following the Final Settlement Day.

**Contract values and price gradations**

Contract | Contract Value | Minimum price change | |

Points | Value | ||

DAX® Futures | EUR 25 | 0.5 | EUR 12.50 |

Mini-DAX® Futures | EUR 5 | 1 | EUR 5 |

DivDAX® Futures | EUR 200 | 0.05 | EUR 10 |

MDAX® Futures | EUR 5 | 1 | EUR 5 |

TecDAX® Futures | EUR 10 | 0.5 | EUR 5 |

**Contract months**

*Standard - up to 9 months: *The three nearest quarterly months of the March, June, September and December cycle.

**Last trading day and final settlement day**

Last trading day is the final settlement day.

Final settlement day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day.

Close of trading in the maturing futures on the last trading day is at the beginning of the Xetra® intraday auction starting at 13:00 CET (for MDAX® Futures at 13:05 CET).

**Daily settlement price**

The daily settlement prices for the current maturity month are derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET, provided that more than five trades transacted within this period.

For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.

**Final settlement price**

The final settlement price is established by Eurex on the Final settlement day of the contract and is determined by the value of the respective index, based on Xetra® auction prices of the respective index component shares. The intraday auction starts at 13:00 CET (for MDAX® component shares at 13:05 CET).

Further details are available in the clearing conditions and the contract specifications.

**DAX® Futures, Mini-DAX® Futures,MDAX® Futures and TecDAX® Futures are available for trading in the U.S.**

#### Trading Calendar

- 01 Jan 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 02 Jan 2015Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Interest Rate Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 02 Jan 2015Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 06 Jan 2015Equity Index Derivatives | Austria | Finland | Holiday
Eurex is closed for trading and exercise in Austrian and Finnish equity index derivatives

- 16 Feb 2015Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 03 Apr 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 06 Apr 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 01 May 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 14 May 2015Equity Index Derivatives | Austria | Finland | Holiday
Eurex is closed for trading and exercise in Austrian and Finnish equity index derivatives

- 14 May 2015Equity Index Derivatives | Switzerland | Holiday
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

- 14 May 2015Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 25 May 2015Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 25 May 2015Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Funds Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday
Eurex is closed for trading in all derivatives

- 25 May 2015Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday
No cash payment in CHF

- 04 Jun 2015Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 18 Jun 2015Equity Index Derivatives | Finland | Last Trading Day
Last Trading Day for Finnish equity index derivatives

- 19 Jun 2015Equity Index Derivatives | Finland | Holiday
Eurex is closed for trading and exercise in Finnish equity index derivatives

- 07 Sep 2015Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | FX Derivatives | Brazil | Canada | Russia | USA | Holiday
No cash payment in USD

- 12 Oct 2015
No cash payment in USD

- 26 Oct 2015Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 11 Nov 2015
No cash payment in USD

- 26 Nov 2015
No cash payment in USD

- 08 Dec 2015Equity Index Derivatives | Austria | Holiday
Eurex is closed for trading and exercise in Austrian equity index derivatives

- 24 Dec 2015Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Funds Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday
Eurex is closed for trading in all derivatives

- 25 Dec 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 26 Dec 2015Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

- 31 Dec 2015Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Funds Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday
Eurex is closed for trading in all derivatives

- 01 Jan 2016
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

#### Trading Hours

##### Regular Trading Day

Pre-Trading | Trading | Post-Trading | |||
---|---|---|---|---|---|

Full | Late1 | Late2 | Restricted | ||

07:30 | 07:50 | 22:00 | 22:30 |

##### Last Trading Day

Pre-Trading | Trading | Post-Trading | |||
---|---|---|---|---|---|

Full | Late1 | Late2 | Restricted | ||

07:30 | 07:50 | 13:00 |

#### Transaction Fees

Fee Type | Fee |
---|---|

Exchange transactions: Standard fees | EUR 0.50 per contract |

TES transactions: Standard fees | EUR 0.75 per contract |

Position Closing Adjustments | EUR 1.00 per contract |

Cash settlement | EUR 0.50 per contract |

Position transfer with cash transfer | EUR 7.50 per transaction |

#### Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 250 contracts.

## Parameters

#### Market Makers

All Options International B.V.

Martin Polak

T +31 (0)20 795 7021

Market Maker ID: AINAM

SMI® Options

EURO STOXX 50® Index Options

DAX® OptionsEquity Options Belgium

Equity Options Netherlands

Equity Options Germany

Equity Options SwitzerlandBanca Akros S.p.A.

Emiliano Pavesi

T +39 (02) 434 454 51

Market Maker ID: BAKMI

EURO STOXX 50® Index Options

DAX® OptionsEquity Options Belgium

Equity Options Netherlands

Equity Options Finland

Equity Options France

Equity Options Germany

Equity Options Italy

Equity Options SpainEquity Options European-Style Equity Options

Equity Options Weekly OptionsBNP PARIBAS Arbitrage SNC

Alain de Coudenhove

T +33 (1) 4014 3924

alain.coudenhove@bnpparibas.com

Market Maker ID: BNAPA

EURO STOXX 50® Index Options

DAX® Options

SMI® Options

Eurex KOSPI ProductBNP PARIBAS Arbitrage SNC

Matthieu Maupetit

T +33 (1) 4014 9646

matthieu.maupetit@bnpparibas.com

Market Maker ID: BNAPA

EURO STOXX 50® Index Options

DAX® Options

SMI® OptionsEquity Options Spain

Equity Options Germany

Equity Options Netherlands

Equity Options France

Equity Options ItalyCommerzbank AG

Thomas Luthardt

T +49 (0)69 1364 7789

thomas.luthardt@commerzbank.com

Market Maker ID: CBKFR

HSBC Trinkaus

Michael Meyer

T +49 (0)211 910 4475

Market Maker ID: TUBDU

TecDAX® Options

EURO STOXX 50® Index Options

DAX® Options

MDAX® OptionsIMC Trading B.V.

Hans Oolman

T +31(0)20-798 8539

Market Maker ID: INMAM

Eurex KOSPI Product

EURO STOXX 50® Index Options

DAX® Options

SMI® OptionsEquity Options Weekly Options

Liquid Capital Markets Ltd.

Richard Lee

T +44 (0)20 7429 0792

Market Maker ID: LCMLO

The Kyte Group Limited

Andrew Jenkins

T +44(0)207-390-7686

Market Maker ID: KYTLO

The Kyte Group Limited

Eric Bouanich

T +33(0)1-426-1429

Market Maker ID: KYTLO

Options on Euro-Bobl Futures

Options on Euro-Schatz Futures

Options on Euro-Bund Futures

EURO STOXX 50® Index Options

DAX® OptionsTibra Trading Europe Limited

Saul Watson

T +44 (0)20 3100 9160

Market Maker ID: TTELO

DAX® Options

SMI® Options

Eurex KOSPI Product

EURO STOXX 50® Index OptionsEquity Options Weekly Options

Maven Derivatives Ltd.

Kingshuk Bhattacharyya

T +44 (0)20 300 53788

Market Maker ID: MAVLO

Mediobanca S.p.A.

Roberto Romeo

T + 39 (02) 88 29 597

Market Maker ID: MEDMI

EURO STOXX 50® Index Options

DAX® OptionsEquity Options Belgium

Equity Options Great Britain

Equity Options Netherlands

Equity Options Finland

Equity Options France

Equity Options Germany

Equity Options Italy

Equity Options Russia

Equity Options Spain

Equity Options SwitzerlandEquity Options European-Style Equity Options

Winchmore Capital LLP

Tony Stewart

T +44 207 858 9005

Market Maker ID: WICLO

EURO STOXX 50® Index Options

DAX® Options

SMI® OptionsEquity Options Weekly Options

Equity Options Weekly Options

WEBB Traders

Marco van den Berg

T +31 (0)20 714 0 714

Market Maker ID: WEBAM

Options on Euro-OAT Futures

Eurex KOSPI Product

SMI® Options

TecDAX® Options

MDAX® Options

DivDAX® Options

DAX® Options

EURO STOXX 50® Index OptionsEquity Options Belgium

Equity Options Switzerland

Equity Options Germany

Equity Options France

Equity Options Great Britain

Equity Options Italy

Equity Options NetherlandsEquity Options Weekly Options

DRW Investments (UK) Ltd.

Chadwick Miller

T +44 20 7031 1369

Market Maker ID: LOTLO

EURO STOXX 50® Index Futures

DAX® Futures

TecDAX® Futures

MSCI Europe Index Futures

RDX® USD Futures

EURO STOXX® Select Dividend 30 Index Futures

EURO STOXX® Select Dividend 30 Index Options

EURO STOXX 50® Index Dividend Futures

#### Mistrade Ranges

A deviation of the mistrade transaction price from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price more than 20 percent of the margin parameters for the corresponding futures contract, unless another regulation has been made for an individual product.

#### Crossing Parameters

(section 2.3 Eurex Trading Conditions)

(1) Orders and quotes relating to the same contract or to a system-supported combination of contracts may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a prearranged trade), unless the conditions according to paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of the Eurex Exchanges to the Market Surveillance Office of Eurex Germany or to the Surveillance and Enforcement Office of Eurex Zurich, with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of paragraph 1. The details of the specifications of the description of the IT linkage pursuant to sentence 1 shall be determined by the Surveillance Offices of Eurex Germany and Eurex Zurich in agreement with the Boards of Management of the Eurex Exchanges. The specifications shall be subject to publication. Disclosure of said specifications to one of the two Surveillance Offices named above shall be deemed to be disclosure to both Eurex Surveillance Offices.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote, enters a cross request equivalent to the number of contracts of the order. The order or quote giving rise to the cross trade or pre-arranged trade must be entered five seconds at the earliest and 65 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 35 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in the opening period (subsection 1.3 paragraph 2) or during the closing auction (subsection 1.3 paragraph (3)).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

## Orderbook

# Subnavigation

## Eurex Group on

© Eurex Frankfurt AG