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STOXX follows DAX more or less. These two are like ER2 and YM. |
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No, this is wrong. The
DAX follows the DJ Euro
Stoxx 50 "tick by tick" so to speak. Look at the DOM. When the DJ Euro
Stoxx moves up 1 point (= 1 tick),
DAX follows with 2 points (= 4 ticks) (this is average, this relationship lies between 2-6 ticks) 0.1 seconds later. I assume this is due to computer trading.
Another thing I would like to mention is that the
DAX has a lot less liquidity. There are usually about 10-20 contracts on each side in the order book while the DJ Euro
Stoxx shows 50-200 in the morning/evening and 200-2000 in the noon/afternoon.