Sometimes, size does matter
Micro Product Suite

Micro product suite

The exact hedging tool for global investors

The Eurex micro contracts are designed in parallel to the established EURO STOXX 50®, DAX®, SMI® derivative contracts. Eurex micro futures and options are five to 25 times smaller than the regular products, giving trading participants, which reflect a variety of trading needs, the opportunity to hedge and gain exposure to the European benchmark indexes with low contract values.

A cost-efficient way to access European markets

The Eurex micro product suite has low daily margin rates and is therefore a cost-efficient way to add Europe (Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain and Switzerland) to your equity index portfolio.

Access to highly traded benchmarks

EURO STOXX 50®, SMI®, DAX® derivatives are amongst the most liquid equity index products in Europe. Our extended trading hours create more trading and hedging opportunities for global trading participants in the different time zones.


Micro-DAX Futures: Traded Contracts and Open Interest

Key Benefits

  • Easy access to liquid European equity index derivatives
    Gain exposure to EURO STOXX 50®, DAX® and SMI® derivatives with a small contract size
     
  • Cost-efficient products
    Micro contracts with its small contract size and low margin requirements are the ideal trading instrument for global investors with smaller-sized portfolios
     
  • Exact hedging opportunities
    Micro-EURO STOXX 50®, Micro-SMI® and Micro-DAX® derivatives are five to 25 times smaller than the regular-sized contracts. 
     
  • Fine-tune your index exposure
    Create more granularity to your trading strategies with Eurex micro contracts 

Contract Specs

Click on the product codes below to view the respective contract specifications.

Micro-EURO STOXX 50® Futures


Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

0.5


EUR 0.5

FSXE

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-DAX® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


EUR 1

FDXS

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-SMI® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


CHF 1

FSMS

08:00 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-DAX® Options 

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


EUR 1

ODXS

09:00 - 17:30 CET

The first three months and the following three quarterly
months with a term of up to 12 months

Prices/Quotes (Futures)

Product Diff. to prev. day last Last price Contracts Time
FSXE +0.63% 4,775.50 1,983 21:57:05
FDXS +0.58% 19,231.00 42,714 21:59:52
FSMS +0.52% 11,611.00 5 17:51:37

Micro/Mini vs regular futures contracts

Regular futures

Mini futures

Micro futures

Tick value:
DAX®
EURO STOXX 50®
SMI®


EUR 25
EUR 10
CHF 10


EUR 5
-
-


EUR 1
EUR 0.5
CHF 1

Index price*:
DAX®
EURO STOXX 50®
SMI®


16,594.21
4,463.51
11,185.90


16,594.21
-
-


16,594.21
4,463.51
11,185.90

Notional value*:
DAX®


EURO STOXX 50®


SMI®



16,594.21 X EUR 25
(EUR 414,855.25)

4,463.51 X EUR 10
(EUR 44,635.10)

11,185.90 X CHF 10
(CHF 111,859.00)




16,594.21 X EUR 5
(EUR 82,971.05)

-


-





16,594.21 X EUR 1
(EUR 16,594.21)


4,463.51 X EUR 1
(EUR 4,463.51)


11,185.90 X CHF 1
(CHF 11,185.90)




* Calculation based on product index closing price as of 5 January 2024

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