Sometimes, size does matter

Micro product suite

The exact hedging tool for global investors

The Eurex micro contracts are designed in parallel to the established EURO STOXX 50®, DAX®, SMI® derivative contracts. Eurex micro futures and options are five to ten times smaller than the regular products, giving trading participants, which reflect a variety of trading needs, the opportunity to hedge and gain exposure to the European benchmark indexes with low contract values.

Cost-efficient way to access European markets

The Eurex micro product suite has low daily margin rates and is therefore a cost-efficient way to add Europe (Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain and Switzerland) to your equity index portfolio.

Access to highly traded benchmarks

EURO STOXX 50®, SMI®, DAX® derivatives are few of the most liquid equity index derivatives in Europe. Our extended trading hours create more trading and hedging opportunities for global trading participants in the different time zones.


Coming soon! Micro-DAX® Options

Read more about the new addition to the Micro Product Suite: Micro-DAX® Options. Available from 19 December 2022
Find out more!

Contact your broker

Start trading Micro derivatives now!
Find out more

Micro-DAX® Futures (FDXS)

Traded Contracts in Millions

Open Interest

Key Benefits

  • Easy access to liquid European equity index derivatives
    Gain exposure to EURO STOXX 50®, DAX® and SMI® with a small contract size
     
  • Cost-efficient products
    Micro contracts with its small contract size and low margin requirements are the ideal trading instrument for global investors with smaller-sized portfolios
     
  • Exact hedging opportunities
    Micro-EURO STOXX 50® and Micro-SMI® are ten times smaller and Micro-DAX® is 25 times smaller than the regular size contracts. Micro-DAX® is five times smaller than Mini-DAX® contract. Micro-DAX® Options is five times smaller than DAX® Options contract 
     
  • Fine-tune your index exposure
    Create more granularity to your trading strategies with Eurex micro contracts 

Contract Specs

Click on the product codes below to view the respective contract specifications.

Micro-EURO STOXX 50® Futures


Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

0.5


EUR 0.5

FSXE

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-DAX® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


EUR 1

FDXS

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-SMI® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


CHF 1

FSMS

08:00 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-DAX® Options (Coming Soon!)

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


EUR 1

ODXS

09:00 - 17:30 CET

The first three months and the following three quarterly
months with a term of up to 12 months

Prices/Quotes (Futures)

Product Diff. to prev. day last Last price Contracts Time
FSXE +0.15% 4,014.00 8 01:15:13
FDXS +0.09% 14,584.00 72 01:38:49
FSMS +0.91% 11,162.00 10 18:08:42

Micro/Mini vs regular futures contracts

Regular futures

Mini futures

Micro futures

Tick value:
DAX®
EURO STOXX 50®
SMI®


EUR 25
EUR 10
CHF 10


EUR 5
-
-


EUR 1
EUR 0.5
CHF 1

Index price*:
DAX®
EURO STOXX 50®
SMI®


14,775
3,867
10,811


14,775
-
-


14,775
3,867
10,811

Notional value*:
DAX®


EURO STOXX 50®


SMI®



14,775 X EUR 25
(EUR 369,375)

3,867 X EUR 10
(EUR 38,670)

10,973 X CHF 10
(CHF 109,730)




14,775 X EUR 5
(EUR 73,875)

-


-





14,775 X EUR 1
(EUR 14,775)

3,867 X EUR 1
(EUR 3,867)

10,973 X CHF 1
(CHF 10,973)




* Calculation based on product index closing price as of 18 March 2021

Micro Futures educational video series

What are Eurex Micro Futures Contracts?

Watch this video to learn more about the key benefits and characteristics of Eurex Micro Futures.

How to hedge with Eurex Micro Futures?

In this video, you will learn how to hedge your ETF portfolio with Micro Futures.

Webcast (replay): Launch of Eurex micro futures

Watch the webcast recording to learn more about the newly launched Eurex Micro Futures

Fundamental of futures trading

Exchange-traded vs OTC

This video illustrates the differences between an exchange-traded and OTC product.

Exchange-traded Futures

This video explains the concept of exchange-based futures contracts, initial margin, variation margin, CCP and settlement price.

Generic Futures Contract

In this video, we touch on the basic futures contract terminologies such as unit of trading, delivery and settlement.

Extended trading hours. Extended opportunities.

Trade Micro-EURO STOXX 50® and Micro-DAX® Futures during the Asian hours.