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

ContractParameters
ClassEquity Index (stocks index)
SymbolGDAXI
DescriptionIndex 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

CompanyPrime Standard industry group
AdidasClothing
AllianzInsurance
BASFChemicals
BayerChemicals
BeiersdorfConsumer goods
BMWManufacturing
CommerzbankBanking
ContinentalManufacturing
DaimlerManufacturing
Deutsche BankBanking
Deutsche BörseSecurities
Deutsche LufthansaTransport Aviation
Deutsche PostCommunications
Deutsche TelekomCommunications
E.ONEnergy
FreseniusMedical
Fresenius Medical CareMedical
HeidelbergCementBuilding
HenkelConsumer goods
Infineon TechnologiesManufacturing
K+SChemicals
LanxessChemicals
LindeIndustrial gases
MerckPharmaceuticals
Munich ReInsurance
RWEEnergy
SAPIT
SiemensIndustrial, electronics
ThyssenKruppIndustrial, manufacturing
Volkswagen GroupManufacturing

 

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