FDAX: order flow on Eurex
Module 05 · 5 · Europe and the United StatesLesson 24 of 357 min🔒 Students only
The Euro Stoxx 50 (FESX) as confirmation
The second European future, and what it is for
The Euro Stoxx 50 is the index of the 50 largest eurozone stocks, and its future, the FESX, is Eurex's most traded index contract by number of contracts. It contains a good share of the DAX's stocks, plus French, Dutch, Italian and Spanish names. For a DAX trader, it is an instrument of confirmation, not a trading instrument: its tick is worth EUR 10 per index point, and its very deep book is held by even more mechanical participants.
The FESX answers a question the DAX alone cannot settle: is the move I see German or European?
Student access · free
The rest of this lesson is for students
Also in this lesson
- Three confirmation reads
- The FESX at the 3:30 pm handover
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