Eurex is increasing its diversified fairness index merchandise providing with the introduction of DAX Finish-of-Day Choices on 13 November 2023.
Following the profitable launch of Each day Choices (ODTE) on the EURO STOXX 50 Index, DAX Each day Choices are designed to satisfy investor demand for choices with short-dated expirations. DAX Each day Choices allow traders to reply rapidly to sudden market adjustments or occasions whereas offering extra correct and cost-effective buying and selling.
The DAX Index EoD choices might be structured equally to the EURO STOXX 50 Index EoD Choices (OEXP). Since their launch in August 2023, round 750,000 contracts have been traded, with an order ebook share of round 75 %.
The brand new choices differ from the prevailing DAX Index Choices (ODAX) by way of the ultimate settlement value willpower, the supported expiration days, obtainable strike costs and the utmost obtainable maturities.
On the expiration day, buying and selling will shut at 17:30 CET. The ultimate settlement value for ODAP is predicated on the closing worth of the DAX Index.