DAX

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

Contract Parameters
Class Equity Index (stocks index)
Symbol GDAXI
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
Adidas Clothing
Allianz Insurance
BASF Chemicals
Bayer Chemicals
Beiersdorf Consumer goods
BMW Manufacturing
Commerzbank Banking
Continental Manufacturing
Daimler Manufacturing
Deutsche Bank Banking
Deutsche Börse Securities
Deutsche Lufthansa Transport Aviation
Deutsche Post Communications
Deutsche Telekom Communications
E.ON Energy
Fresenius Medical
Fresenius Medical Care Medical
HeidelbergCement Building
Henkel Consumer goods
Infineon Technologies Manufacturing
K+S Chemicals
Lanxess Chemicals
Linde Industrial gases
Merck Pharmaceuticals
Munich Re Insurance
RWE Energy
SAP IT
Siemens Industrial, electronics
ThyssenKrupp Industrial, manufacturing
Volkswagen Group Manufacturing

 

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