The MDAX is a stock index which lists German companies. The index is calculated by Deutsche Börse.
It includes the 50 Prime Standard shares from sectors excluding technology that rank immediately below the companies included in the DAX index. The company size is based on terms of order book volume and market capitalization.
The index is based on prices generated in the electronic trading system Xetra.
[edit] Companies
The following 50 companies make up the index as of the quarterly review effected on 21 September 2009 where Hannover Re, BayWa and Aareal Bank replaced Arcandor, Hypo Real Estate and KUKA.[2] The index was left unchanged at the December 2009 review.
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