instance_of euro stoxx 50
The DAX (" Deutscher Aktienindex " ( German stock ___MASK77___ )) is a blue chip ___MASK19___ consisting of the 30 major German companies trading on the Frankfurt Stock Exchange . Prices are taken from the Xetra trading venue . According to Deutsche Börse , the operator of Xetra , DAX measures the performance of the Prime Standard  s 30 largest German companies in terms of order book volume and market capitalization . It is the equivalent of the FT 30 and the Dow Jones Industrial Average , and because of its small selection it does not necessarily represent the vitality of the economy as whole . The euro ( ___MASK46___ : €; code : EUR ) is the official currency of the eurozone , which consists of 19 of the member states of the European Union : Austria , Belgium , Cyprus , Estonia , Finland , France , Germany , Greece , Ireland , Italy , Latvia , Lithuania , Luxembourg , Malta , the Netherlands , ___MASK73___ , Slovakia , Slovenia , and Spain . The currency is also officially used by the institutions of the European Union and four other European countries , as well as unilaterally by two others , and is consequently used daily by some 337 million Europeans . Outside of Europe , a number of overseas territories of EU members also use the euro as their currency . STOXX ___MASK53___ is a globally integrated index provider , covering the world markets across all asset classes  developing , maintaining , distributing and marketing a comprehensive global ___MASK1___ of strictly rules - based and transparent indices . STOXX is a wholly owned subsidiary of Deutsche Börse Group . STOXX calculates more than 7 , 500 indices and in addition acts as the marketing agent for the indices of Deutsche Börse indices like DAX . Deutsche Börse AG or the Deutsche Börse ___MASK67___ , is a ___MASK68___ organizer for the trading of shares and other securities . It is also a transaction services provider . It gives companies and investors access to global ___MASK57___ markets . It is a joint stock company and was founded in 1993 . The headquarters are in Frankfurt . As of ___MASK43___ 2010 , the over 765 companies listed had a combined market capitalization of EUR 1 . 4 trillion . On 1 October 2014 , Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative . ___MASK74___ is a medium of ___MASK80___ recognized by a ___MASK75___ to be valid for ___MASK89___ a financial obligation . Paper currency and coins are common forms of legal tender in many countries . ___MASK74___ is variously defined in different jurisdictions . Formally , it is anything which when offered in ___MASK80___ extinguishes the debt . Thus , personal cheques , ___MASK20___ cards , and similar non - cash methods of ___MASK80___ are not usually legal tender . The law does not relieve the debt obligation until ___MASK80___ is tendered . Coins and banknotes are usually defined as legal tender . Some jurisdictions may forbid or restrict ___MASK80___ made other than by legal tender . For example , such a law might outlaw the use of foreign coins and bank notes or require a license to perform financial transactions in a foreign currency . The eurozone , officially called the euro ___MASK72___ , is a monetary ___MASK14___ of 19 of the 28 European ___MASK14___ ( EU ) ___MASK3___ states which have adopted the euro (€) as their common currency and sole legal tender . The monetary authority of the eurozone is the Eurosystem . The other nine members of the European ___MASK14___ continue to use their own national currencies , although most of them are obliged to adopt the euro in future . The European ___MASK14___ ( EU ) is a political and ___MASK54___ of ___MASK3___ states that are located primarily in Europe . It has an area of , and an estimated population of over 510 million . The EU has developed an internal ___MASK28___ market through a standardised system of laws that apply in all ___MASK3___ states . EU policies aim to ensure the free movement of people , goods , services , and capital within the internal market , enact legislation in justice and home affairs , and maintain common policies on trade , agriculture , fisheries , and regional development . Within the Schengen Area , passport controls have been abolished . A monetary union was established in 1999 and came into full force in 2002 , and is composed of 19 EU ___MASK3___ states which use the euro currency . In ___MASK13___ and ___MASK48___ , a monetary authority is the entity which controls the ___MASK17___ supply of a given currency , often with the objective of controlling inflation or interest rates . With its monetary tools , a monetary authority is able to effectively influence the development of the short - term interest rates for that currency , but can also influence other parameters which control the cost and availability of ___MASK17___ . The EURO STOXX 50 is a stock ___MASK77___ of Eurozone stocks designed by STOXX , an ___MASK77___ provider owned by Deutsche Börse ___MASK67___ and SIX ___MASK67___ . According to STOXX , its goal is `` to provide a blue - chip representation of Supersector leaders in the Eurozone '' . It is made up of fifty of the largest and most liquid stocks . The ___MASK77___ futures and options on the EURO STOXX 50 , traded on Eurex , are among the most liquid such products in Europe and the world . The EURO STOXX 50 was introduced on February 26 1998 . Its composition is reviewed annually in September . The ___MASK77___ is available in several ___MASK70___ ( EUR , USD , CAD , GBP , JPY ) and return ( Price , Net Return , Gross Return ) variants combinations . Calculation takes place every 15 seconds between 09 : 00 CET and 18 : 00 CET for the EUR and USD variants of any return type , while the CAD , GBP and JPY variants are available as end - of - day calculation only ( 18 : 00 CET ) . The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices and represents the largest super - sector leaders in the Eurozone in terms of free - float ___MASK83___ capitalization . The ___MASK77___ captures about 60 % of the free - float ___MASK83___ capitalization of the EURO STOXX Total ___MASK83___ Index ( TMI ) , which in turn covers about 95 % of the free - float ___MASK83___ capitalizaion of the represented countries . The EURO STOXX 50 serves as the basis for ___MASK28___ sub - indices such as the EURO STOXX 50 ex Financials , which excludes all companies assigned to the ICB code 8000 . It is one of the most liquid indices for the Eurozone : an ideal underlying for financial products or for benchmarking purposes . Additionally , the ___MASK77___ serves as an underlying for many strategy indices , such as the EURO STOXX 50 Risk Control Indices . Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing ___MASK77___ composition changes . Selection methodology ensures a stable and up - to - date ___MASK77___ composition . Fast - entry and fast - exit rules ensure the ___MASK77___ accurately represents the performance of only the biggest and most liquid stocks . The Eurosystem is the monetary authority of the eurozone , the ___MASK93___ of European Union ___MASK3___ states that have adopted the euro as their sole official currency . The ECB has , under Article 16 of its Statute , the exclusive right to authorise the issuance of euro banknotes . ___MASK3___ states can issue euro coins , but the amount must be authorised by the ECB beforehand . An asset ___MASK71___ is a group of instruments which have similar financial characteristics and behave similarly in the ___MASK68___ . We can often break these instruments into those having to do with real assets and those having to do with financial assets . Often , assets within the same asset ___MASK71___ are subject to the same laws and regulations ; however , this is not always true . For instance , futures on an asset are often considered ___MASK76___ of the same asset ___MASK71___ as the underlying instrument but are subject to different regulations than the underlying instrument .