What is the TecDAX?
It’s a stock market index in Germany that tracks the 30 largest and most liquid technology stocks traded on the Frankfurt Stock Exchange. The companies listed rank below those included in the flagship DAX in regards to turnover and market capitalisation.
Where have you heard about the TecDAX?
The TecDAX is considered an important index in the European markets, so you’ll see it listed on news and financial websites. Companies featured in it include lens maker Carl Zeiss, chemical equipment technologists Aixtron and telecommunications firm Telefonica Deutschland.
What you need to know about the TecDAX.
Launched on March 24, 2003, the TecDAX succeeded the NEMAX50 index of German new economy companies that existed from 1997 to 2003. This index was axed after the bursting of the dot-com bubble caused huge losses.
The prices used to calculate the TecDAX are taken from electronic trading system Xetra, which is operated by the Deutsche Borse. The index is calculated every trading day between 9am and 5.30pm local time.