What is Germany 30?
GDAXI is derived from the German benchmark DAX Index. The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DAX is abbreviation of Deutscher Aktien Index. The DAX was created in 1988 with a base index value of 1,000. DAX member companies represent roughly 75% of the aggregate market cap that trades on the Frankfurt Exchange. Changes are made on regular review dates, but index members can be removed if they no longer rank in the top 45 largest companies, or added if they break the top 25.
Contract Specifications for Germany 30
|Class||Equity Index (stocks index)|
|Description||Index representing 30 top German stocks|
|Standard Tradable Quantity (also called a LOT)||10 GDAXI contracts|
|Minimum Tradable Quantity (the fraction of lot available to trade)||1 GDAXI contract|
|Base Currency (Currency used for margin, P&L and other calculations)||United States Dollars|
|Tick Size (The least incremental change in the price of the index)||0.1 (example: 9953.5 changes to 9953.6 at least)|
List of stocks
|Company||Prime Standard industry group|
|Deutsche Lufthansa||Transport Aviation|
|Fresenius Medical Care||Medical|