Updates of DAX stock index on FXPro
Renowned brokerage firm FxPro is pleased to announce that significant improvements have been made regarding the German DAX, an unprecedented index evolution that will be available from 20 September 2021.
First of all, you will notice that on the FxPro platforms the name of the German index will be changed, passing from Germany30 to Germany40 while the contract ticker will be called # GER40.
To the already present 30 companies included in the DAX, others will be added to extend the popular German index, bringing the total number of constituents to 40.
The main companies that will be added to the other constituents are the following:
- Airbus SE
- Zalando SE
- Siemens Healthineers AG
- Symrise AG
- HelloFresh SE
- Sartorius AG Vz
- Porsche Automobil Holding
- Brenntag SE
- Puma SE
- Qiagen NV
What is DAX stock index?
The DAX (Deutscher Aktien Index) created in 1987 and introduced in 1988 is the leading German stock index and constitutes about 80% of the market capitalization of listed companies in Germany and is extremely important worldwide as it represents the state of the economic health of both Germany and Europe.
# GERMANY40 (DAX) is derived from calculations that determine the average capitalization value of the largest German companies and the companies in the index are chosen based on their capitalization size.
FxPro grants its clients the opportunity to be able to trade CFDs on the DAX Performance Index.
Trading with FxPro
FxPro online brokerage firm founded in 2006 is authorized and regulated by several authorities including the Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority (‘FSCA’) and the Securities Commission of the Bahamas.
FxPro offers its traders superior quality execution, transparency and as you will discover later, the best trading conditions available in this industry.
- No dealing desk
Highly competitive spreads with no commission (excluding traders using the cTrader platform).
- Extremely fast execution with orders fulfilled in less than 14ms
Co-location of the ultra-low latency Equinix datacenter.
- The best possible Bid and Ask prices provided by Deep Liquidity
Through the use of extremely advanced execution models, FxPro guarantees high-quality access to the financial markets so that you can decide to trade online with CFDs on over 400 instruments in 6 asset classes and trade on metals, forex, indices, futures, stocks, and energies.