![]() On 10 April 2015, the price index first closed above its closing high from 2000. On 16 March 2015, the performance index first closed above 12,000. The contract specifications for the DAX Combined Index (ticker symbol DAXA) are listed below:Ĭontract Specifications DAX Combined Index (DAXA) Contract Specifications ĭAX futures are traded on the Deutsche Borse Indices & ETF exchange (DBIndex). The performance index, which measures total return, is the more commonly quoted, however the price index is more similar to commonly quoted indexes in other countries. The DAX has two versions, called performance index and price index, depending on whether dividends are counted. The expansion occurred in the 3rd quarter of 2021. On, Deutsche Börse announced an expansion of the DAX from 30 to 40 members and a tightening of rules in response to the Wirecard accounting scandal. The Xetra technology calculates the index every second since 1 January 2006. The Base date for the DAX is 30 December 1987, and it was started from a base value of 1,000. The Eurex, a European electronic futures and options exchange based in Zürich, Switzerland with a subsidiary in Frankfurt, Germany, offers options (ODAX) and Futures (FDAX) on the DAX from 01:10 to 22:00 CET or from 02:10 to 22:00 CEST. The L/E-DAX index (Late/Early DAX) is calculated from 17:55 to 22:00 CET and from 08:00 to 09:00 CET. The L-DAX Index basis is the "floor" trade ( Parketthandel) at the Frankfurt stock exchange it is computed daily between 09:00 and 17:45 Hours CET. The L-DAX Index is an indicator of the German benchmark DAX index's performance after the Xetra trading venue closes based on the floor trading at the Börse Frankfurt trading venue. DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average, and because of its small company selection it does not necessarily represent the vitality of the German economy as a whole. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 40 largest German companies in terms of order book volume and market capitalization. Prices are taken from the Xetra trading venue. The DAX ( Deutscher Aktienindex (German stock index) German pronunciation: ( listen)) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. For other uses, see Dax (disambiguation).
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