While DAX futures are primarily known for trading on the Eurex exchange, the CME Group now offers a highly accessible Micro DAX Futures contract for U.S. and international traders.
If you’re based outside Europe or already trade on CME, this guide shows how you can access and trade DAX futures on CME, along with all key specs and trading hours.
What Is the CME Micro DAX Futures Contract?
CME’s Micro DAX Futures (FDAX) is a cash-settled contract based on the German DAX 40 Index. It offers easier access to DAX exposure for smaller accounts and is designed with lower margin requirements.
Key Features:
| Detail | Value |
|---|---|
| Symbol | FDAX (CME) |
| Exchange | CME Group |
| Contract Multiplier | €5 per index point |
| Minimum Tick | 1 index point |
| Tick Value | €5 |
| Settlement | Cash |
| Currency | EUR |
| Listing Venue | CME Globex |
| Expiration | Quarterly (Mar, Jun, Sep, Dec) |
Trading Hours for CME DAX Futures
| Session | Time (Central Time – CT) |
|---|---|
| Sunday–Friday | 5:00 PM – 4:00 PM (next day) |
| Maintenance Break | 4:00 PM – 5:00 PM daily |
This near 24-hour trading window makes it ideal for traders in U.S., Asia, and Europe.
Why Trade DAX Futures on CME?
✅ Lower Contract Size: Micro version is ideal for retail traders
✅ No Need for Eurex Access: Trade DAX from your U.S.-based brokerage
✅ Euro-Denominated: Aligns with DAX’s native currency
✅ Liquidity + Reliability: Backed by CME’s strong infrastructure
✅ Risk Control: Smaller multiplier allows tighter exposure control
How to Access CME DAX Futures
- Broker Account: Open with a CME-licensed broker (e.g., TradeStation, NinjaTrader, Tradovate, Interactive Brokers)
- Enable Futures Trading: Ensure futures permissions are activated
- Search for Symbol: Use
FDAXor search “Micro DAX” - Fund Margin: Confirm initial and maintenance margin requirements
- Chart + Trade: Use your platform’s tools to place trades and manage orders
Difference: Eurex FDAX vs CME Micro DAX
| Feature | Eurex FDAX | CME FDAX (Micro) |
|---|---|---|
| Multiplier | €25 | €5 |
| Tick Value | €12.50 | €5 |
| Main Region | Europe | International/US |
| Access | Requires Eurex broker | Most CME brokers |
| Typical Margin | €25,000+ | €2,000–€4,000 |
Final Thoughts
The CME Micro DAX futures make it easier than ever to gain exposure to the German market from anywhere in the world. Whether you’re looking to trade short-term moves or hedge international equity exposure, the DAX futures on CME are a flexible, cost-efficient option.
Be sure to check trading hours in your local time and test on a demo account if you’re new to futures.
FAQs
1. Is the CME DAX futures contract available to retail traders?
Yes. The Micro DAX (FDAX) is designed for retail use with lower margins.
2. Is this the same as the Eurex FDAX?
No. It tracks the same index but is a different contract, with a smaller size and traded on CME.
3. Can I trade it in USD?
No, it’s quoted and settled in EUR, even on CME.
4. Is the liquidity comparable to Eurex?
Eurex has higher volume, but CME’s Micro DAX is growing in adoption and offers enough liquidity for most small traders.
5. Do I need special data feeds to trade CME FDAX?
You may need to subscribe to CME Europe index data on your broker or platform.