U.S. Futures Exchange offers the mini$ DAX

Discussion in 'Index Futures' started by BoyBrutus, Oct 2, 2008.

  1. U.S. Futures Exchange offers the mini$ DAX®, a U.S. dollar (USD)-denominated mini-sized futures contract on the leading German stock market index.


    The German stock market is one of the most efficient markets in the world. Germany’s prime equity index, DAX® is composed of the 30 largest and most actively traded German stocks, and is considered the country’s premier stock market index. Companies such as Daimler, BMW, Deutsche Bank and Siemens are constituents of DAX®.

    The USFE mini$ DAX® has a tick size of 1.0 index points with a $10 multiplier. The contract trades primarily during European and U.S. hours and expires on a quarterly basis to the corresponding value of Deutsche Börse’s DAX®.

    Click here to download printable fact sheet.

    USFE’s mini-sized USD-denominated index future offers new transatlantic trading opportunities wih Eurex's euro-denominated DAX® derivatives.
    The mini$ DAX® is highly correlated to many European economies, allowing for speculative trades based on these markets.
    The mini$ DAX® future attracts retail customers and individual traders due to its small contract value.
    The contract has a favorable margin rate (approximately $4,000) due to the small contract size.
    The USD P&L provides for a reduction of currency risk exposure.
    The USFE mini$ DAX® future is the first-ever futures product to utilize the innovative "maker-taker" pricing model.
    The primary reference markets, DAX® and Eurex DAX® future, are available from 1:00 a.m. - 3:05 p.m. Chicago time.
    Contract Specifications
  2. Problem is USFE is majority owned by Man Financial (or one of the MF subsidiaries) and the exchange and it's products have no distribution... Unless you have a MF account directly or with an MF IB.

    Could be a very good product if they get distribution. jmo.