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MSCI EM Asia Net Total Return (USD) Index Futures

Introduction

The MSCI Emerging Market (EM) Asia Index captures large and mid cap representation across 9 Emerging Market countries, including China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Taiwan and Thailand. As at 30 June 2020, the index comprises 1,120 constituents and covers about 85% of the free-adjusted market capitalization in each country. 

 

Uses of MSCI Emerging Markets Asia Net Total Return (USD) Index Futures

The introduction of the MSCI Emerging Markets Asia Net Total return (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies in 9 emerging Asian countries (including China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Taiwan and Thailand) in a cost effective manner.  Asset managers and banks can make use of MSCI Emerging Markets Asia Net Total Return (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue. 

The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively.

The Commodity Futures Trading Commission (CFTC) has certified the MSCI Emerging Markets Asia Net Total Return (USD) Index Futures contracts to be offered and sold to persons in the U.S.


Updated 21 Jul 2020


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CONTRACT SUMMARY

Item Contract Terms
Underlying Index MSCI EM Asia  Net Total Return Index
HKATS Code EAN
Contract Multiplier US$100 per index point
Minimum Fluctuation 0.001
Contract Months 2 nearest serial months and the following 4 quarterly months
Trading Hours
9:00am-4:30pm (T); 5:15pm-3:00am (T+1)
(Expiring contract month closes at 4:30 pm on the Last Trading Day)

Last Trading Day 3rd Friday.  If it falls on a Hong Kong public holiday, the LTD will be the preceding Hong Kong business day
Final Settlement Price

The official closing value of the underlying index for the LTD, rounded to the nearest 3 decimal places^

^ If MSCI announces there is an unexpected market closure event on LTD, FSP shall be based on the final Unexpected Market Closure Index level published by MSCI.

Transaction Costs Exchange Fee US$0.60
Commission Levy US$0.07
Commission Rate Negotiable

Updated 26 Jun 2020

TRADING FEES AND COMMISSION

Trading Fee and Levies
Exchange Fee US$0.60 per contract per side
Commission Levy US$0.07 per contract per side
Investor Compensation Levy* HK$0.00 per contract per side
Total US$0.67 per contract per side
Commission Negotiable
The amount indicated above is subject to change from time to time.

Updated 26 Jun 2020

Updated 21 Jul 2020

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