The DAX futures market is based upon the DAX stock index, which is the primary stock index of the DTB (Deutsche Boerse) in Germany. The DAX index is calculated using prices from the Xetra electronic trading system from 9:00 AM to 5:30 PM Central European Time, and the DAX futures market is traded on the Eurex electronic trading system from 8:00 AM to 10:00 PM Central European Time. The DAX futures market has a daily trading volume of approximately 200000 contracts, and a daily price range of approximately 80 points (160 ticks).
As of February 2007, the DAX stock index includes the following 30 companies :
Adidas Allianz Altana BASF Bayer BMW Commerzbank Continental DaimlerChrysler Deutsche Bank Deutsche Boerse Deutsche Post Deutsche Postbank Deutsche Telekom E.ON Fresenius Medical Care Henkel Hypo Real Estate Infineon Technologies Linde Lufthansa MAN METRO Muenchener Rueck RWE SAP Siemens ThyssenKrupp TUI Volkswagen The full contract specifications for the DAX futures market are as follows :
Symbol (IB / Sierra Chart Format) : DAX Expiration date (as of February 2007) : March 16 2007 Exchange : DTB Currency : EUR Multiplier / Contract value : 25 EUR Tick size / Minimum price change : 0.5 Tick value / Minimum price value : 12.50 EUR In 2007, the DAX futures market is open for trading every trading day (Monday to Friday), except for the following holidays :
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