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The L-DAX Index is an indicator of the German benchmark DAX index's performance after the Xetra trading venue closes based on the floor trading at the Börse Frankfurt trading venue. The L-DAX Index basis is the "floor" trade (Parketthandel) at the Frankfurt stock exchange; it is computed daily between 09:00 and 17:45 Hours CET. [3]
Trading times on trading days are from 9.00 a.m. to 5.30 p.m. [2] The prices on Xetra serve as the basis for calculating the DAX, the best-known German share index. Over 200 trading participants from 16 European countries, plus Hong Kong and the United Arab Emirates, are connected via Xetra servers in Frankfurt am Main. [3]
In 2015, 90 per cent of all trading in shares at all German exchanges was transacted through the Xetra. With regard to DAX listings, Xetra has 60 per cent market share throughout Europe. Trading times on trading days are from 9.00 a.m. to 5.30 p.m. The prices on Xetra serve as the basis for calculating the DAX, the best-known German share index.
DAX index is expected to trade range bound with bearish bias on cautious investor sentiment.
The index has consolidated over the last 24 hours with not much of fundamental or economic news or data to drive the index in either direction
DAX is expected to move range bound with bearish influence from allied markets.
Equity markets trade positive as risk appetite is high following us mid term elections outcome turning out to be in line with market expectations.
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