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About
The DAX
DAX® Futures (FDAX)
Contract Standard
The Deutscher Aktienindex (DAX®).
Contract Value
EUR 25 per DAX®
index point.
Settlement
Cash settlement based on the
final settlement price, payable on the first exchange
trading day immediately following the last trading day.
Quotation
In points, carried out one
decimal place.
Minimum Price Movement
0.5 of a point, representing a
value of EUR 12.50.
Contract Terms
The three nearest months
within the cycle March, June, September, December.
Last Trading Day
The third Friday of the
expiration month, if that is an exchange trading day;
otherwise, on the exchange trading day immediately prior
to that Friday. Trading ceases at the start of the
intra-day trading auction on the electronic trading system
(Xetra®), at 1:00 p.m. CET, as determined by
the management of the Frankfurt Stock Exchange.
Daily Settlement Price
The last-paid price of the
trading day; or, if the last-paid price is older than 15
minutes or does not reasonably reflect actual market
conditions, then Eurex will establish the official
settlement price.
Final Settlement Price
The value of the DAX®,
determined on the basis of the collective prices of the
shares contained in the DAX® index on the last
trading day, as reflected in the intra-day trading auction
on the electronic system of the Frankfurt Stock Exchange (Xetra).
Trading Hours
8:50 a.m. until 8:00 p.m. CET.
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