Sometimes, size does matter

Micro product suite - EURO STOXX 50®, DAX® and SMI®

The exact hedging tool for global investors

The Eurex micro contracts are designed in parallel to the established EURO STOXX 50®, DAX®, SMI® Futures contract. Eurex micro futures are at least ten times smaller than the regular products, five times smaller than the mini product, giving trading participants, which reflect a variety of trading needs, the opportunity to hedge and gain exposure to the European benchmark indexes with low contract values.

Cost-efficient way to access European markets

The Eurex micro product suite has low daily margin rates and is therefore a cost-efficient way to add Europe (Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain and Switzerland) to your equity index portfolio.

Liquid orderbook across different time zones

EURO STOXX 50®, DAX®, SMI® Futures are three of the most liquid equity index futures in Europe. Our extended trading hours create more trading and hedging opportunities for global trading participants in the different time zones.

Launch of Eurex micro product suite

Micro-DAX® and Micro SMI® Futures are available at Eurex from 19 April 2021. Due to a reference data parameter change, the Micro-EURO STOXX 50® Futures (FSXE) will be on Halt today, and be set back to trading on 20 April 2021.
Find out more

Key Benefits

  • Easy access to liquid European equity index futures 
    Gain exposure to EURO STOXX 50®, DAX® and SMI® with a small contract size
     
  • Cost-efficient products
    Micro contracts with its small contract size and low margin requirements are the ideal trading instrument for global investors with smaller-sized portfolios
     
  • Exact hedging opportunities
    Micro-EURO STOXX 50® and Micro-SMI® are ten times smaller and Micro-DAX® is 25 times smaller than the regular size contracts. Micro-DAX® is five times smaller than Mini-DAX® contract
     
  • Fine-tune your index exposure
    Create more granularity to your trading strategies with Eurex micro contracts 

Contract Specs

Click on the product codes below to view the respective contract specifications.

Micro-EURO STOXX 50® Futures


Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

0.5


EUR 0.5

FSXE

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-DAX® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


EUR 1

FDXS

01:10 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Micro-SMI® Futures

Min. Price Change

 Product Code

Trading Hours

Expiration Months

Points

Value

1


CHF 1

FSMS

08:00 - 22:00 CET

The first three quarterly months with a term of up to 9 months

Differences between Micro/Mini vs regular contracts

Regular contract

Mini contract

Micro contract

Tick value:
DAX®
EURO STOXX 50®
SMI®


EUR 25
EUR 10
CHF 10


EUR 5
-
-


EUR 1
EUR 0.5
CHF 1

Index price*:
DAX®
EURO STOXX 50®
SMI®


14,775
3,867
10,811


14,775
-
-


14,775
3,867
10,811

Notional value*:
DAX®


EURO STOXX 50®


SMI®



14,775 X EUR 25
(EUR 369,375)

3,867 X EUR 10
(EUR 38,670)

10,973 X CHF 10
(CHF 109,730)




14,775 X EUR 5
(EUR 73,875)

-


-





14,775 X EUR 1
(EUR 14,775)

3,867 X EUR 1
(EUR 3,867)

10,973 X CHF 1
(CHF 10,973)




* Calculation based on product index closing price as of 18 March 2021

Extended trading hours. Extended opportunities.

Trade Micro-EURO STOXX 50® and Micro-DAX® Futures during the Asian hours.

Fundamental of futures trading

Exchange-traded vs OTC

This video illustrates the differences between an exchange-traded and OTC product.

Exchange-traded Futures

This video explains the concept of exchange-based futures contracts, initial margin, variation margin, CCP and settlement price.

Generic Futures Contract

In this video, we touch on the basic futures contract terminologies such as unit of trading, delivery and settlement.

Educational video series

How to trade Mini-DAX at Eurex?

In the first video, we dive into the history and composition of the DAX®/Mini-DAX® and the fundamentals of trading futures.

Mini-DAX Futures trading strategies – Hedging

In this video, you will learn how Mini-DAX® futures can be used to hedge your equity and ETF portfolio.

Futures vs CFDs and ETFs

In this video, you will learn the benefits of trading futures in comparison to CFDs and ETFs.