Mini-DAX Futures
Trading DAX with ease
The Mini-DAX® Futures is designed in parallel to the established DAX® Futures contract. Mini-DAX® gives global investors the opportunity to hedge and get exposure to the German benchmark index with a contract value five times smaller than the regular contract.
DAX® index comprises the 40 largest and most actively traded German companies, which includes Mercedes-Benz Group, Deutsche Bank, Volkswagen, Adidas and SAP.
Mini-DAX Futures (FDXM)
Key Benefits
- Price transparency
Compelling alternative to the OTC market due to its price transparency benefits - Liquid benchmark products
More than EUR 1.58 trillion notional volume has been traded since inception - Easy access to Germany
Gain exposure to the top 40 German stocks at a lower contract value - Exchange-traded benefits
Major trading, clearing and risk management functionalities at the exchange help to reduce counterparty risks and increase margin efficiencies - Trading and clearing across all time zones
Extended trading hours creates more trading and hedging opportunities for the market participants in all time zones - Asia, Europe and the U.S.
Historical Price Movements
Advantages over ETFs
In nearly every trading scenario, Mini-DAX® futures offer a more cost-efficient way to manage DAX 40® exposure compared to ETFs:
| 1) No Management Fee | Pay no management fee when you trade FDXM futures vs. DAX 40® ETFs |
| 2) Capital Efficiency | Mini-DAX® futures margin is more capital efficient comparing it to the direct investment in DAX 40® ETF's |
| 3) 24/5 Trading Access | Nearly 24/5-access means additional trading and hedging opportunities during events ie. Brexit, German elections |
| 4) Tactical Trading Tool | Short-term strategy based on anticipated market trends |
| 5) Minimal Tracking Error | FDXM futures track the underlying index very accurately |
Advantages over CFDs
Mini-DAX® futures offer a variety of advantages in comparison to CFD’s and warrants on DAX 40® Index:
| 1) Exchange Traded | Mini-DAX® futures trade on a regulated exchange platform (Eurex) with an independent exchange surveillance |
2) Transparent Pricing | Eurex offers transparent trading & clearing services, including a central counterparty system with reduced counterparty risk |
| 3) High Liquidity and Tight Spread | Mini-DAX® futures offer extended liquidity and tightest spreads during full trading hours |
Contract Specifications
Click on the product code to view further contract details such as price charts and trading parameters
Min. Price Change | Product Code | Trading Hours | Expiration Months | |
Points | Value | |||
1 | EUR 5 | 01:00 – 22:00 (CET) 02:00 – 22:00 (CEST) | Standard – Up to 9 Months The three nearest quarter months of Mar, Jun, Sept and Dec cycle | |
Orderbook
High liquidity, tight spread
Displayed data is 15 minutes delayed. Last trade: Dec 20, 2024 10:03:44 PM| Contract (maturity) | Quantity | Bid | Ask | Quantity | Last Price | NetChange | Cumulative Volume (QTY) | Open Interest | |
|---|---|---|---|---|---|---|---|---|---|
| Mar 2025 | n.a. | 20,087.00 | 20,097.00 | n.a. | 20,088.00 | -0.29% | 21,583 | 5,001 | |
| Jun 2025 | n.a. | 19,950.00 | 20,400.00 | n.a. | 20,304.00 | -0.47% | 1 | 9 | |
| Sep 2025 | n.a. | n.a. | n.a. | n.a. | 20,428.00 | -0.42% | 0 | 0 | |
| Dec 2025 | n.a. | n.a. | n.a. | n.a. | 20,545.00 | -0.40% | 0 | 0 | |
| Mar 2026 | n.a. | n.a. | n.a. | n.a. | 20,675.00 | -0.37% | 0 | 0 | |
| Jun 2026 | n.a. | n.a. | n.a. | n.a. | 20,862.00 | -0.35% | 0 | 0 | |
| Sep 2026 | n.a. | n.a. | n.a. | n.a. | 20,984.00 | -0.33% | 0 | 0 | |
| Dec 2026 | n.a. | n.a. | n.a. | n.a. | 21,080.00 | -0.33% | 0 | 0 | |
| Mar 2027 | n.a. | n.a. | n.a. | n.a. | 21,219.00 | -0.31% | 0 | 0 | |
| Jun 2027 | n.a. | n.a. | n.a. | n.a. | 21,425.00 | -0.30% | 0 | 0 | |
| Sep 2027 | n.a. | n.a. | n.a. | n.a. | 21,564.00 | -0.29% | 0 | 0 |
