Index of stocks or stock indexes (STODEX) is the price or value of a group of stocks that is grouped based on specific categories. This index is an indicator of price movements of all the shares it represents. Each country usually has its own criteria and ways to sort and trade stock index.

Stock indices should form a contract that has a certain criteria, such as unit (lot), the value of the contract and delivery time. Because of these criteria was the one, then the index traded difutures stock market or futures exchange.

KOSPI
The Korea Composite Stock Price Index or KOSPI is the index of all common stocks traded on the Stock Market Division of the Korea Exchange. It is the representative stock market index of South Korea, like the Dow Jones Industrial Average or S&P 500 in the United States.

KOSPI was introduced in 1983 with the base value of 100 as of January 4, 1980. It is calculated based on market capitalization. As of 2007, KOSPI's daily volume is hundreds of millions of shares or (trillions of won).

SPESIFICATION
1. Contract unit $5/ index point
2. Margin requirement $500/lot
3. Transaction time open at 00.00 GMT to 07.05 GMT
4. Contract month automatically rolling at March, June, September and December

DAX
DAX (Deutscher Aktien Index) is German Stock Index. DAX tracks the segmen of the largest and most important companies, which are known as blue chips on the German Equity Market. It contains of the 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange in the Prime Standart Segemn. DAX represent about 80% of the aggregated prime standard’s market cap.

DAX is primarily calculated as a performance index. It is one of the few major country indices that also takes dividend yields into account, thus fully reflecting the actual performance of an investment in the index portfolio.

SPESIFICATION
1. Contract size $26.5/index point (floating)
2. Margin requirement $2.000/lot
3. Transaction time open at 07.00 a.m. GMT to 08.00 p.m. GMT at summer and 08.00       a.m. GMT to 09.00 p.m. GMT at winter