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HKEX Derivatives Suite Reaches a New Milestone

As a world-leading service provider for the global investment community, MSCI’s equity indexes are tracked by more than US$13 trillion* of assets worldwide.  In a significant licensing agreement, HKEX plans to introduce 37 MSCI equity index futures and options contracts based on a suite of indexes on Asia and Emerging Markets**.  This collaboration further anchors HKEX and MSCI’s commitment to their long-term product development and innovation programme in the region. 

The new futures and options contracts will include different index types (Net Total Return/Price Return) and denominated across multiple currencies (USD, SGD, JPY).  Following the introduction of the derivative contracts, HKEX will have the broadest suite of MSCI derivatives products based in the Asian time-zone.

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Asia’s Derivative Hub

East Meets West

HKEX is uniquely located at the confluence of East and West serving a diverse global investment community.  The new derivatives suite will allow global investors convenient access to a wide range of Asia and Emerging Market exposure in a deep liquid market.

Product Innovations

Hong Kong is home to the world’s most liquid structured products market and boasts a diverse product range including ETF, Leveraged and Inverse Products, and futures and options.  Our collaboration with MSCI will provide access to a suite of new trading and risk management tools strengthening HKEX’s unique product ecosystem.

Trade Asia. In Asia

As the global markets leader in the Asian time-zone, Hong Kong offers an enhanced platform connecting Asia to the world, making it easier for global investors to react to market events and price movements in the Asian trading hours. 

 

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Product List
 
 
Launch Date: 3 August 2020

No. Contracts
No. Contracts
18. MSCI China Free (USD) Index Futures CFTC Certified 22. MSCI Philippines (USD) Index Futures _
19. MSCI India (USD) Index Futures CFTC Certified 23. MSCI Singapore Free Net Total Return (USD) Index Futures CFTC Certified
20. MSCI Malaysia (USD) Index Futures CFTC Certified 24. MSCI Thailand (USD) Index Futures CFTC Certified
21. MSCI New Zealand Net Total Return  (USD) Index Futures _ 25. MSCI Vietnam (USD) Index Futures _

Launch Date: 17 August 2020

 
No. Contract   Launch Date
 34 MSCI Taiwan 25/50 (USD) Index Futures CFTC Certified  28 September 2020
 35 MSCI Taiwan 25/50 Net Total Return (USD) Index Futures CFTC Certified  28 September 2020
36 MSCI Singapore Free (SGD) Index Futures CFTC Certified 28 September 2020
37 MSCI Japan (JPY) Index Futures CFTC Certified 28 September 2020
38 MSCI Japan Net Total Return (JPY) Index Futures CFTC Certified 28 September 2020
39 MSCI Taiwan (USD) Index Options   Q4 2020
 
 
*Source: MSCI Inc. Assets under management (AUM) as of 31 Dec 2019. 

**Emerging countries include: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, 
Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. 

Related Circulars

        Introduction of MSCI Asia and Emerging Market Index Futures and Options Suite - Update (23 June 2020)
        HKFE obtains U.S. Commodity Futures Trading Commission certificates for 23 MSCI Asia and Emerging Markets Index Futures Contracts and updates on two MSCI Singapore Index Futures Contracts  (17 July 2020)
      Incentive Enhancements for MSCI Asia and Emerging Market Index Futures and Options Suite (11 August 2020)
        Change of Opening Hour for MSCI Taiwan Index Futures Contracts and Introduction of Five New MSCI Index Futures Contracts- Update (18 September 2020)
        Risk Management, Clearing and Settlement Arrangements for Introduction of MSCI Singapore Free (SGD) Index Futures, MSCI Japan (JPY) Index Futures and MSCI Japan Net Total Return (JPY) Index Futures (21 Sep 2020)  


Additional Information on Cash Incentive Liquidity Providers and Block Trade Participants

No.

Contracts

^ Aggregate Market Share in Sep 2020

Liquidity Providers

Block Trade Participants

1.

MSCI Taiwan (USD) Index Futures

 10.8% 46.1% 

2.

MSCI Taiwan Net Total Return (USD) Index Futures

 0.1%  97.9%

3.

MSCI Japan Net Total Return (USD) Index Futures

 0% 0%

4.

MSCI India Net Total Return (USD) Index Futures

4%  11.2%

5.

MSCI China Free Net Total Return (USD) Index Futures

1.5%  66.2%

6.

MSCI Indonesia Net Total Return (USD) Index Futures

 0% 0%

7.

MSCI Australia Net Total Return (USD) Index Futures

0%  0%

8.

MSCI Thailand Net Total Return (USD) Index Futures

0%  0%

9.

MSCI Malaysia Net Total Return (USD) Index Futures

0%  0%

10.

MSCI EM Asia Net Total Return (USD) Index Futures

55.1%  0%

11.

MSCI Singapore Net Total Return (USD) Index Futures

50%  0%

12.

MSCI Vietnam Net Total Return (USD) Index Futures

0%  0%

13.

MSCI Hong Kong Net Total Return (USD) Index Futures

 0% 0%

14.

MSCI Philippines Net Total Return (USD) Index Futures

0%  0%

15.

MSCI Indonesia Index (USD) Futures

45%  0%

16.

MSCI Emerging Markets Net Total Return (USD) Index Futures

0%  0% 

17.

MSCI Emerging Markets (USD) Index Futures

0%  0%
18. MSCI China Free (USD) Index Futures  0%  0% 
19. MSCI India (USD) Index Futures 0%   0%
20. MSCI Malaysia (USD) Index Futures 0%  0% 
21.  MSCI Philippines (USD) Index Futures  0% 0% 
22. MSCI Thailand (USD) Index Futures 0%   0%
23.  MSCI Vietnam Net Total Return (USD) Index Futures  0%  0%
24. MSCI Japan Net Total Return (JPY) Index  Futures  0%   0%
25. MSCI Japan (JPY) Index Futures 0%  0% 
26. MSCI Singapore Free (SGD) Index Futures  92.1% 0% 
27.

MSCI Taiwan 25/50  (USD) Index Futures

87.5%  0% 
28.  MSCI Taiwan 25/50 Net Total Return Index Futures  0%  0% 

  ^aggregate market share of liquidity providers and block trade participants under the Cash Incentive Program in Sep 2020 (information last updated on 30 Oct 2020)

 





 

 

 

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