Market Turnover
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All MSCI equity index derivative contracts

Aggregate Market Share in September 2025

Liquidity providers Block trade participants
MSCI China A 50 Connect (USD) Index Futures 58.3% 0%
MSCI Taiwan (USD) Index Futures
15.9% 0%
MSCI Taiwan Net Total Return (USD) Index Futures
2.4% 63.4%
MSCI Asia ex Japan Net Total Return (USD) Index Futures 1.8% 88.5%
MSCI Japan Net Total Return (USD) Index Futures
0% 0%
MSCI India Net Total Return (USD) Index Futures
3.7% 93.5%
MSCI Indonesia Net Total Return (USD) Index Futures
0% 89.2%
MSCI Thailand Net Total Return (USD) Index Futures
4.0% 92.1%
MSCI Malaysia Net Total Return (USD) Index Futures
100.0% 0%
MSCI EM Asia Net Total Return (USD) Index Futures
90.4% 0%
MSCI Hong Kong Net Total Return (USD) Index Futures
8.3% 0%
MSCI Philippines Net Total Return (USD) Index Futures
0% 0%
MSCI Emerging Markets Net Total Return (USD) Index Futures 50.0% 0%
MSCI India (USD) Index Futures 0% 0%
MSCI China Net Total Return (USD) Index Futures 1.3% 71.7%
MSCI Taiwan 25/50 (USD) Index Futures
18.6% 0%

* Aggregate market share of liquidity providers and block trade participants under the Cash Incentive Program in September 2025 (information last updated on 3 November 2025).