Eurex Exchange, the international derivatives market of Deutsche Börse Group, is to launch a new equity index contract on 28 October 2015. The Mini DAX Futures will be offered in addition to the existing DAX Futures (FDAX) with a significantly lower contract value, at only a fifth of the DAX Futures.

“The new Mini DAX Futures contract addresses together with the existing DAX Futures the needs of our users for more precise fine-tuning of their hedging positions,” says Mehtap Dinc (pictured), member of the Eurex Executive Board. “At the same time, it is also aimed at semi-professional investors who are primarily investing into OTC products like CFDs because of the large contract value of the DAX Futures.”
 
At the launch of the new product, Eurex Exchange will offer a designated market-making program in order to provide a liquid order book from the outset. A number of Eurex market participants have already expressed their interest in this program.
 
The Mini DAX Futures have a contract value of €5 per index point; and the minimum tick size is one index point. It will be settled in cash like all Eurex Exchange index derivatives. The product will be tradable from 8 am to 10 pm CET.