How much is a contract of index futures worth?

For example, if the index value is 95.00, one contract of the index futures will be worth $95,000. The price quotation is in U.S. Dollar Index points, calculated to three decimal places (.010 = $10), while the tick size is 0.005, which is equal to $5.00.

What is a Dax futures contract?

This is also true of the DAX futures contract, also called the FDAX, where “F” stands for future. The FDAX is a contract on the underlying DAX 30 that is traded on the Eurex Exchange (the European futures and options market). To simplify a bit, DAX futures can be understood as a bet on the level of the DAX at a certain date in the future.

How many hours a day are US dollar index futures traded?

US Dollar Index futures are traded for 21 hours a day on the ICE platform. Electronic Trading Hours (Sun - Fri) *The trading platform is available 30 minutes before the opening for order entry. Four months in the March/June/September/December quarterly expiration cycle

How do I day-trade Dax futures?

If you want to day-trade DAX futures, we recommend opening a futures account. Because futures, or futures contracts, are traded on exchanges and their price is determined by supply and demand, it doesn’t really matter which broker you choose.