TecDAX Index components | values (DE0007203275)
The TecDAX is a German share index and was introduced on March 24, 2003. It is available as a price index and a performance index. In addition to the DAX, the MDAX and the SDAX, the TecDAX is part of the Prime Standard and the DAX index family of Deutsche Börse AG.
It is the successor to the Nemax50, which has fallen into disrepute due to insider trading and falsification of accounts, and continues its index series. The basis of the calculation is December 30, 1997 with 1,000 points. However, the concept of the TecDAX can hardly be compared with that of the Nemax50.
Deutsche Börse calculates the index from the prices of the Xetra electronic trading system. Its calculation starts at 9:00 a.m. CET and ends with the prices from the Xetra closing auction, which starts at 5:30 p.m. CET. The last index level is calculated at 5:35 p.m. after the Xetra closing auction. The L-TecDAX (ISIN DE0001717072, also called L / E-TecDAX) is calculated from 8:00 a.m. to 9:00 a.m. and between 5:45 p.m. and 8:00 p.m. CET. This indicator, one of the so-called “late indices” for historical reasons, shows the development of the TecDAX values outside of Xetra trading hours. It is based on the prices of manually managed trading on the Frankfurt Stock Exchange (former floor trading). Since January 1, 2006, the calculation frequency has been every second.