Eurex is expanding its equity index derivatives segment with the launch of Mini DAX futures at the end of October.
The move comes as the German exchange’s equity index segment continues to surge, with 90.6 million contracts traded in September, up from 68 million in the same month of the previous year.
Futures on the DAX index recorded 2.9 million contracts while the DAX options reached another 3.8 million contracts.
The new mini products with lower contract values will be a fifth of the standard DAX futures, with a contract value of €5 per index point and the minimum tick size will be one index point.
“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,” said Mehtap Dinc, 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.”