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HKEX Launches New Tranche of MSCI Futures Contracts

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Products
03 Aug 2020

  • Eight new USD-denominated MSCI index futures contracts have launched today on HKEX
  • Latest tranche of new HKEX / MSCI licensing agreement for 37 futures and options contracts in Hong Kong

 

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome the launch of the latest batch of futures contracts as part of its new index licensing agreement with MSCI Inc. to further expand HKEX’s derivatives product suite.

The eight MSCI index futures contracts, which are denominated in US dollars (USD) and track underlying equities in markets such as Mainland China, India, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam, were successfully listed on HKEX’s derivatives market this morning.

On 17 August, HKEX will launch a further eight USD-denominated futures contracts.

HKEX had launched 17 MSCI index futures contracts in July. Following the August listings, HKEX plans to launch the remainder of the 37 contracts this year, subject to regulatory approvals and market conditions.

In May 2020, HKEX signed a 10-year licensing agreement with MSCI to license a suite of MSCI indexes in Asia and Emerging Markets for the launch of 37 futures and options contracts in Hong Kong. The agreement expands the existing partnership between the two companies, and further anchors HKEX and MSCI’s commitment to a long-term product development and innovation programme in the region.

HKEX has introduced incentive programmes for liquidity providers, proprietary traders and block trade participants to support the liquidity development of the contracts. In addition, the Commission Levy charged by the Securities and Futures Commission will be exempted for the first six months of trading.

Please visit the designated page on HKEX's website for more detailed product specifications of the MSCI derivatives contracts.

Please see below the list of USD-denominated MSCI index futures contracts launching in August:

3 August 2020

1.         MSCI China Free (USD) Index Futures

2.         MSCI India (USD) Index Futures

3.         MSCI Malaysia (USD) Index Futures

4.         MSCI New Zealand Net Total Return (USD) Index Futures

5.         MSCI Philippines (USD) Index Futures

6.         MSCI Singapore Free Net Total Return (USD) Index Futures

7.         MSCI Thailand (USD) Index Futures

8.         MSCI Vietnam (USD) Index Futures

17 August 2020

9.         MSCI EM ex China Net Total Return (USD) Index Futures

10.       MSCI EM ex Korea Net Total Return (USD) Index Futures

11.       MSCI EM Asia ex China Net Total Return (USD) Index Futures

12.       MSCI EM Asia ex Korea Net Total Return (USD) Index Futures

13.       MSCI EM EMEA Net Total Return (USD) Index Futures

14.       MSCI EM LatAm Net Total Return (USD) Index Futures

15.       MSCI Pacific Net Total Return (USD) Index Futures

16.       MSCI Pacific ex Japan Net Total Return (USD) Index Futures

 

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets.  HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.

HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited.  This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.

HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.

www.hkexgroup.com

 

Ends

Updated 03 Aug 2020