Equity Index

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 FeePay no management fee when you trade FDXM futures vs. DAX 40® ETFs
2) Capital EfficiencyMini-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 TradedMini-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 SpreadMini-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

FDXM

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: Nov 22, 2024 3:09:27 PM

Market depth


Contract (maturity) Quantity Bid Ask Quantity Last Price NetChange Cumulative Volume (QTY) Open Interest
Dec 2024 7 19,290.00 19,292.00 1 19,291.00 +0.36% 22,205 7,550
Mar 2025 1 19,462.00 19,473.00 1 19,490.00 +0.41% 48 139
Jun 2025 1 18,555.00 n.a. n.a. 19,590.00 +0.75% 0 5
Sep 2025 n.a. n.a. n.a. n.a. 19,705.00 +0.76% 0 0
Dec 2025 n.a. n.a. n.a. n.a. 19,817.00 +0.74% 0 0
Mar 2026 n.a. n.a. n.a. n.a. 19,933.00 +0.71% 0 0
Jun 2026 n.a. n.a. n.a. n.a. 20,111.00 +0.68% 0 0
Sep 2026 n.a. n.a. n.a. n.a. 20,239.00 +0.67% 0 0
Dec 2026 n.a. n.a. n.a. n.a. 20,348.00 +0.64% 0 0
Mar 2027 n.a. n.a. n.a. n.a. 20,487.00 +0.62% 0 0
Jun 2027 n.a. n.a. n.a. n.a. 20,693.00 +0.60% 0 0
Sep 2027 n.a. n.a. n.a. n.a. 20,832.00 +0.57% 0 0

Mini-DAX Highlights

Mini-DAX Video Series

Mini-DAX Trading Opportunities

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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