TecDAX vs DAX Futures: What You Can Actually Trade

What the TecDAX Is

The TecDAX tracks the 30 largest German technology companies below the DAX selection, ranked by free-float market capitalization, with each constituent capped at 15% of the index. It is calculated by Deutsche Börse as a performance index, the same methodology family as the DAX 40. Names rotate, but the index is dominated by software, semiconductor and biotech stocks listed on Xetra.

TecDAX Derivatives on Eurex: They Exist — Barely

Eurex does list a TecDAX future under the product code FTDX. On paper it looks tradeable. In practice, the order book tells a different story.

The DAX futures complex turns over tens of thousands of contracts every session with a deep, tight book. FTDX volume is a small fraction of that — the book is often only a few contracts deep, spreads are wide, and resting size is scarce. For a day trader, that combination means slippage on entry, slippage on exit, and no reliable fill on a stop.

What Traders Actually Trade for German Exposure

If you want to actively trade German index risk, the practical instrument set is the DAX futures complex:

• FDAX — the full-size contract at €25 per point, for larger accounts and maximum capital efficiency.
• FDXM — the mini at €5 per point, the standard choice for retail and funded traders.
• FDXS — the micro at €1 per point, for precise sizing and small accounts.

The tech-heavy names that drive the TecDAX — SAP-adjacent software, Infineon-style semis — overlap heavily with what moves the DAX itself, so most of the "German tech" story is already priced through the DAX complex. For pure buy-and-hold TecDAX exposure, an ETF does the job without an order book to fight.

Not sure which DAX contract fits your account? Start with our FDAX vs FDXM guide. And whichever you trade, the levels are identical — the DAX845 daily pulse maps them every morning before the Frankfurt open.