Dax market on close order?

Discussion in 'Index Futures' started by m4a1, Jul 3, 2006.

  1. m4a1


    Is there a market on close order type for Eurex Dax?

    If yes, what price do you get? In eSignal, if you plot a daily chart, the close price of the day is different than the final close price in an intraday chart.

    I think this is beacuse the daily chart uses the daily settlement price as the close, but intraday charts use the last trade price.

    Does anyone know what's going on?

    The Eurex website says the daily settlement price is the last price traded before the close unless that price is 15 minutes old. In this case the exchange will determine a daily settlement price. However, the two prices are different even on days when the last trade price is not older than 15 minutes.