X-DAX, the most accurate indicator on the pre-market DAX® development and after Xetra® close, is calculated event driven between 8.00 a.m and 9.00 a.m and between 5.45 p.m. and 10.00 p.m. on trading days and distributed in real-time. 

The calculation of the new index X-DAX is based on the prices of those DAX futures with the shortest time to maturity traded on the derivatives exchange Eurex® adjusted by the ECB’s official Euribor interest rates. The high liquidity in DAX futures on Eurex ensures the quality of X-DAX and makes the index a reliable indicator of the DAX development.

X-DAX satisfies the demand of the market for an index beyond Xetra trading hours and minimizes the overnight risk by providing full coverage of the US trading hours. 

The high liquidity in the DAX futures traded on Eurex and the high profile of DAX make X-DAX an ideal basis for structured products such as certificates and warrants that are tradable until 10.00 p.m. The calculation method of X-DAX is fully transparent, rule-based and easily comprehensible.

Factsheet X-DAX