Sometimes, size does matter.
Eurex Micro Product Suite
Available at IBKRfor the Lowest Cost1
The exact hedging tool for
global investors
The Eurex micro contracts are designed in parallel to the established EURO STOXX 50® and DAX® derivative contracts. Eurex micro futures and options are five to 25 times smaller than the regular products, 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.
A 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.
Access to highly traded benchmarks
EURO STOXX 50® and DAX® derivatives are amongst the most liquid equity index products in Europe. Our extended trading hours create more trading and hedging opportunities for global trading participants in the different time zones.
Lowest Cost1
ESTX50
Micro-EURO STOXX 50® Futures
EUR 0.07 to 0.25
PER CONTRACT
plus exchange and
regulatory fees
DAX
Micro-DAX® Futures
EUR 0.07 to 0.25
PER CONTRACT
plus exchange and
regulatory fees
DAX
Micro-DAX® Options
EUR 0.07 to 0.25
PER CONTRACT
plus exchange and
regulatory fees
View Futures Commissions
Eurex Micro Product Suite Contract Specifications
| Micro-EURO STOXX 50® Futures | Micro-DAX® Futures | Micro-DAX® Options | |
|---|---|---|---|
Underlying Indices | EURO STOXX 50® | DAX® | DAX® |
Eurex Product Code | FSXE | FDXS | ODXS |
TWS | ESTX50 | DAX | DAX |
Bloomberg Ticker | MZTA Index | MZSA Index | DAXC <expiry> C/P <strike> Index |
Refinitiv Ticker | FSXE | FDXS | ODXS |
Multiplier | EUR 1 | EUR 1 | EUR 1 |
Contract Value2 (per index point) | EUR 3,688.33 | EUR 13,459.85 | N/A |
Minimum Price Change (per index point) | Outright: 0.5 | Outright: 1.0 | Bid up to EUR 25: 0.1 |
Tick Value (in bp) | EUR 0.5 | EUR 1 | EUR 1 |
Contract Terms | The first three quarterly months with a term of up to 9 months. | The first three months and the following three quarterly months with a term of up to 12 months. | |
Last Trading Day / Final Settlement Day | Third Friday of the relevant month at 12:00 CET | Third Friday of the relevant month at 13:00 CET | Third Friday of the relevant month at 13:00 CET |
Final Settlement Price | Average price of the underlying in the period between 11:50 -12:00 CET | Based on the intraday auction price of the index constituents | Based on the intraday auction price of the index constituents |
Eurex Trade Entry Services – Minimum Block Trade Size | 20,000 Contracts | 2,500 Contracts | N.A. |
Trading Hours | 01:10 – 22:00 CET | 01:10 – 22:00 CET | 09:00 –17:30 CET |
Learn More about the
Eurex Micro Product Suite
To learn more about the new monthly records for the Micro-futures
segment, please visit the Eurex Micro Product Suite
Additional Resources
Visit the Eurex website to learn more about the Eurex Micro Product Suite.
Webcast (replay)
Interested in Trading Eurex Micro Product Suite Futures at IBKR?
IBKR Clients – Log in to Client Portal
If you already have Futures trading permission, you can begin trading Eurex Micro Product Suite futures.
If you do not already have Futures trading permission, log in to Client Portal and request Futures trading permission via the Settings > Account Settings > Trading Experience & Permissions menu item. Trading permission requests are typically approved overnight.
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Disclosures
Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the "Characteristics and Risks of Standardized Options". Before trading futures, please read the CFTC Risk Disclosure. Copies of these disclosures are available at Interactivebrokers.com
- Lowest Cost Broker according to StockBrokers.com Online Broker Survey 2023: Read the full article Online Broker Reviews, May 18, 2023. "Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."
- Calculation based on product index closing price as of 4 November 2022.
- For more information, see our awards page.
