query: instance_of euro stoxx 50
supports: The European Union (EU) is a political and economic union of member states that are located primarily in Europe. It has an area of , and an estimated population of over 510 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development. Within the Schengen Area, passport controls have been abolished. A monetary union was established in 1999 and came into full force in 2002, and is composed of 19 EU member states which use the euro currency. The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The ECB has, under Article 16 of its Statute, the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand. The DAX ("Deutscher Aktienindex" (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standards 30 largest German companies in terms of order book volume and market capitalization. It is the equivalent of the FT 30 and the Dow Jones Industrial Average, and because of its small selection it does not necessarily represent the vitality of the economy as whole. The eurozone, officially called the euro area, is a monetary union of 19 of the 28 European Union (EU) member states which have adopted the euro (€) as their common currency and sole legal tender. The monetary authority of the eurozone is the Eurosystem. The other nine members of the European Union continue to use their own national currencies, although most of them are obliged to adopt the euro in future. The euro (sign: €; code: EUR) is the official currency of the eurozone, which consists of 19 of the member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also officially used by the institutions of the European Union and four other European countries, as well as unilaterally by two others, and is consequently used daily by some 337 million Europeans . Outside of Europe, a number of overseas territories of EU members also use the euro as their currency. An asset class is a group of instruments which have similar financial characteristics and behave similarly in the marketplace. We can often break these instruments into those having to do with real assets and those having to do with financial assets. Often, assets within the same asset class are subject to the same laws and regulations; however, this is not always true. For instance, futures on an asset are often considered part of the same asset class as the underlying instrument but are subject to different regulations than the underlying instrument. The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX , an index provider owned by Deutsche Börse Group and SIX Group . According to STOXX , its goal is `` to provide a blue - chip representation of Supersector leaders in the Eurozone '' . It is made up of fifty of the largest and most liquid stocks . The index futures and options on the EURO STOXX 50 , traded on Eurex , are among the most liquid such products in Europe and the world . The EURO STOXX 50 was introduced on February 26 1998 . Its composition is reviewed annually in September . The index is available in several currency ( EUR , USD , CAD , GBP , JPY ) and return ( Price , Net Return , Gross Return ) variants combinations . Calculation takes place every 15 seconds between 09:00 CET and 18:00 CET for the EUR and USD variants of any return type , while the CAD , GBP and JPY variants are available as end - of - day calculation only ( 18:00 CET ) . The EURO STOXX 50 Index is derived from the 19 EURO STOXX regional Supersector indices and represents the largest super-sector leaders in the Eurozone in terms of free - float market capitalization . The index captures about 60 % of the free - float market capitalization of the EURO STOXX Total Market Index ( TMI ) , which in turn covers about 95 % of the free - float market capitalizaion of the represented countries . The EURO STOXX 50 serves as the basis for single sub-indices such as the EURO STOXX 50 ex Financials , which excludes all companies assigned to the ICB code 8000 . It is one of the most liquid indices for the Eurozone : an ideal underlying for financial products or for benchmarking purposes . Additionally , the index serves as an underlying for many strategy indices , such as the EURO STOXX 50 Risk Control Indices . Buffers are used to achieve the fixed number of components and to maintain stability of the indices by reducing index composition changes . Selection methodology ensures a stable and up - to - date index composition . Fast - entry and fast - exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks . STOXX Limited is a globally integrated index provider, covering the world markets across all asset classes  developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. STOXX is a wholly owned subsidiary of Deutsche Börse Group. STOXX calculates more than 7,500 indices and in addition acts as the marketing agent for the indices of Deutsche Börse indices like DAX. Deutsche Börse AG or the Deutsche Börse Group, is a marketplace organizer for the trading of shares and other securities. It is also a transaction services provider. It gives companies and investors access to global capital markets. It is a joint stock company and was founded in 1993. The headquarters are in Frankfurt. As of December 2010, the over 765 companies listed had a combined market capitalization of EUR 1.4 trillion. On 1 October 2014, Deutsche Börse AG became the 14th announced member of the United Nations Sustainable Stock Exchanges initiative. Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal tender is variously defined in different jurisdictions. Formally, it is anything which when offered in payment extinguishes the debt. Thus, personal cheques, credit cards, and similar non-cash methods of payment are not usually legal tender. The law does not relieve the debt obligation until payment is tendered. Coins and banknotes are usually defined as legal tender. Some jurisdictions may forbid or restrict payment made other than by legal tender. For example, such a law might outlaw the use of foreign coins and bank notes or require a license to perform financial transactions in a foreign currency. In finance and economics, a monetary authority is the entity which controls the money supply of a given currency, often with the objective of controlling inflation or interest rates. With its monetary tools, a monetary authority is able to effectively influence the development of the short-term interest rates for that currency, but can also influence other parameters which control the cost and availability of money.
candidates: 1 addition area class code collective cost currency economic union economy family finance four group home index initiative italy joint legal tender license limited market meeting member money nine number october official passport payment performance population portugal sign single statute stock company stock market index term union volume
answer: stock market index