DAX’s Creator Recalls ‘Quantum Leap’ on 25th Anniversary
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Before Artur Fischer oversaw the development of Germany’s benchmark DAX Index, which began operations 25 years ago today, he says investors had little insight into the performance of the nation’s shares.
“The formation of the DAX was a quantum leap,” Fischer, who is now joint chief executive officer of Boerse Berlin, said in a telephone interview last week. “I was responsible for the innovation to calculate a real-time index, providing a moving picture of what German stocks were doing. Before, the index was just calculated once a day.”