DAX Cash

DAX Cash is a synthetic financial instrument whose price is calculated based on the value of several futures contracts on the German DAX 40 stock index nearest to their expiration dates. The index, in turn, is calculated as the average capitalisation-weighted value of the stock prices of the largest joint-stock companies in Germany. One of the main advantages is that this instrument is infinite in time. In other words, it doesn’t expire on a monthly basis. Another advantage of a synthetic instrument is its significantly lower spreads compared to CFDs on this index. We recommend using this instrument for short-term trading strategies.