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30 years of DAX. From Frankfurt. For the world.

The benchmark for the German economy celebrated its birthday.
  • 1 July 1988
  • 1,163
  • Points
  • 1 July 1988
  • 30
  • Shares
  • Highest daily gain
  • 11.4%
  • 13 October 2018
  • 1 July 2018
  • 30
  • Years of DAX


Calculating DAX. For 30 years.

Deutsche Börse AG (then Frankfurter Wertpapierbörse AG) has been calculating the DAX® index since 1 July 1988. The index was created in collaboration with the Arbeitsgemeinschaft der Deutschen Wertpapierbörsen (the consortium of German stock exchanges) and German financial daily Börsen-Zeitung.

The launch meant that, for the first time, an index was available to serve as a basis for innovative financial instruments just starting to emerge at the time. DAX comprises the share prices of the 30 largest and most liquid companies on Frankfurter Wertpapierbörse. As one of the best-known indices it is often regarded as a benchmark for the German stock market.

DAX provides an up-to-date and representative reflection of the German stock market. Its constituents are therefore not selected at random but in adherence with clearly defined criteria such as market capitalisation and exchange turnover.

From the start, however, the index was conceived to serve another function as well – as an underlying for financial products. One of the first was the DAX future FDAX®, introduced on 23 November 1990. Many products have since followed suit, ranging from exchange-traded funds (ETFs) to structured products, futures and options on DAX.