Glossary
- Margin
- Margin loan
- Mark to the market
- Market
- Market capitalisation
- Market maker
- Market outperformer
- Market participant
- Market performer
- Market price
- Market segment
- Market underperformer
- Market value
- Market-order
- Matching
- Maturity (warrants)
- MBI (management buy-in)
- MBO (management buy-out)
- MDAX
- Mezzanine money
- Midcap Market Index
- Minimum trading unit
- Momentum Indicator
- Money laundering
- Money market
- Monthly report
- Mortgage Bond (Pfandbrief)
- Moving average
- Multiple voting rights
MDAX
The MDAX has been calculated since January 19, 1996 and contains the 50 largest companies by market capitalization below the DAX stocks. The basis of calculation is December 30, 1987, with a value of 1,000 points.
The index composition is reviewed every six months and adjusted with effect from March and September. The criteria for weighting shares in MDAX are market capitalization based on free float.
From December 2020 to September 2021, the composition rules have been comprehensively revised. With the expansion of the DAX to 40 companies, the MDAX has been reduced to 50 stocks. An overview of the index reform is available at boerse-frankfurt.de/dax40.
Price data on the MDAX and the stocks included can be found at boerse-frankfurt.de/MDAX, details on index adjustments at boerse-frankfurt.de in the Know-how section.
Deutsche Börse 
