Glossary
- L/E-DAX
- Laspeyres index
- Last price
- Late indices
- Lead brokers
- Lead manager
- Legal Entity Identifier
- Leverage (Warrant)
- Liability for statement made in a propectus (Prospekthaftung)
- Limit
- Limit order
- Line chart
- Liquidity
- Liquidity Category
- Liquidity Classes
- List price
- Listing
- Load (XTF)
- Loan value
- Lockup period
- Lokomarket
- Lombard rate
- Long position
- Low
Laspeyres index
Price index that tracks the performance of a historical portfolio over time.
The Laspeyres index is used to calculate the value of a portfolio, whose composition was established at a given base date, in terms of the prices in effect at the reporting date. The composition of the portfolio thus does not change over time. The stock indices of Deutsche Börse – DAX® , MDAX® , etc., are calculated using the Laspeyres formula. Because the historical portfolio would become obsolete with time (e.g., when new companies are included in the index, or when companies in the index file for bankruptcy), Deutsche Börse adjusts the formula to account for the new portfolio at each review date.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
Deutsche Börse 
