Eurex

Eurex is the largest European derivatives exchange, operated by Eurex Frankfurt AG within the Deutsche Börse Group — the European derivatives group behind Xetra and the Frankfurt Stock Exchange. It doesn't trade cash shares: it lists futures and options, which makes it the reference among European futures exchanges for index and fixed-income contracts.

Eurex products

Two families dominate. First, index derivatives: the DAX 40, EURO STOXX 50, MDAX and TecDAX, each with mini and micro sizes. Second, fixed-income futures on German government debt — Euro-Bund, Euro-Bobl, Euro-Schatz and Euro-Buxl — which are among the deepest interest-rate contracts in the world. Eurex also lists FX, dividend, volatility (VSTOXX) and ESG derivatives. For an order-flow trader, the star is the DAX future.

Eurex DAX futures (FDAX)

The FDAX is the futures contract on Germany's DAX 40 blue-chip index — plus its lighter cousins, the Mini-DAX (FDXM) and Micro-DAX. It's one of the most liquid European index futures and a magnet for order-flow traders, because Eurex publishes an unusually detailed order book. We decode a live FDAX session on the FDAX journal, and the whole method sits in our order flow and heatmap pillars.

Reading Eurex order-by-order (MBO) with DeepCharts

Eurex streams its most granular data through the T7 EOBI (Enhanced Order Book Interface): the order book order-by-order, i.e. market-by-order (MBO) — every individual order, not just aggregated price levels. DeepCharts consumes that MBO feed and renders it as a live heatmap and footprint: you literally see each resting order appear, hold or vanish, and every execution hit the book. On a market as clean as the FDAX, that's the finest read of supply and demand you can get.

Trade Eurex funded, with controlled risk

You don't need a big account to trade the DAX. The smart combo: activate DeepCharts for the Eurex MBO read, then get funded by a prop firm so you start with controlled risk instead of your own capital. Few firms cover Eurex/DAX — Phidias does, with DeepCharts included. Compare it against the market in the comparator, or read the full order-flow prop firm guide.