Goodbye DAX30, Hello DAX40


As with every third Friday of each month, today is a special day due to the expiration of options and futures contracts in the financial markets. This Friday is especially important since, being the ninth month of the year, not only will monthly contracts expire but also quarterly contracts. So, during today's session we will witness what is popularly known as the “quadruple witching hour”.  

Trading News 17 September

However, without a doubt, the main focus of the day, and what today's session will be remembered for, is the end of the popular DAX30 index. As announced several months ago, from Monday 20 September, the German index will be trading with 40 companies, thus becoming the DAX40. "The king is dead, long live the king!”  

As we announced just a few days ago, the following companies will be joining the existing 30 in the index:  

  • Airbus SE       
  • Zalando SE     
  • Siemens Healthineers AG     
  • Symrise AG     
  • HelloFresh SE     
  • Sartorius AG Vz       
  • Porsche Automobil Holding       
  • Brenntag SE     
  • Puma SE       
  • Qiagen N.V.       

Their admission into this important index is no trivial event. The companies may experience high volatility over the next few sessions due to the fact that the funds and ETFs which track this index will have to acquire shares of these companies and readjust their holdings to match the composition of the new index. It will, therefore, be interesting to monitor these companies over the coming days.  

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