Has anyone traded the new DAX e-mini futures contract?

It's only one-fifth the size of the big DAX contract. Looks like a good fit for smaller retail traders who hold overnight. Trades in Euros.

 

on what exchange?

 

symbol? or what exchange?

 

Eurex. Here's an update on activity:

http://www.eurexchange.com/exchange-en/about-us/news/update-on-mini-dax--futures-18-days/2265680

 

I trade via spot can go down to 10cents or something per point, 1pt spread no comms via FXCM works nicely for me, if you want smaller!!

* had no idea how big a normal contract is!

 

Looks mighty illiquid to me

 

Liquidity is coming along and it's average over 10,000 fills for the past several days.

 

Liquidity is most commonly associated with volume, but a more appropriate definition is the tightness of the bid-ask spread and depth of the market. On both of these counts, this young contract is looking good.

 

Agreed...average spread of 1-2 ticks is better than the big dax.

 

I agree that volume is not necessarily the best indicator for liquidity and bid-ask spread may be a better source but it goes further than that when you consider quality of the bid-ask and quantity. Liquidity to a one lot trader is very different from liquidity for a 1,000 lot trader. FDXM does look decent again today and I imagine volume will pick up when the U.S. cash market opens as ES:FDXM spreaders will come into play.