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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 introduced 39 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 futures and options contracts include different index types (Net Total Return/Price Return) and denominated across multiple currencies (USD, SGD, JPY).  HKEX - The broadest suite of MSCI derivatives products based in the Asian time-zone.

MSCI_Web CE Quote EN

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 provides access to a suite of 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. 

 

MSCI_Xmark.
Price return index futures

 

Net total return index futures
Contracts Contracts  
MSCI Australia Net Total Return (USD) Index Futures CFTC Certified MSCI Thailand Net Total Return (USD) Index Futures CFTC Certified
MSCI China Free Net Total Return (USD) Index Futures CFTC Certified MSCI Vietnam Net Total Return (USD) Index Futures --
MSCI Hong Kong Net Total Return (USD) Index Futures CFTC Certified MSCI Asia ex Japan Index Futures CFTC Certified
MSCI India Net Total Return (USD) Index Futures CFTC Certified MSCI EM Asia ex China Net Total Return (USD) Index Futures CFTC Certified
MSCI Indonesia Net Total Return (USD) Index Futures -- MSCI EM Asia ex Korea Net Total Return (USD) Index Futures  CFTC Certified 
MSCI Japan Net Total Return (JPY) Index Futures CFTC Certified MSCI EM Asia Net Total Return (USD) Index Futures CFTC Certified
MSCI Japan Net Total Return (USD) Index Futures CFTC Certified MSCI EM EMEA Net Total Return (USD) Index Futures CFTC Certified
MSCI Malaysia Net Total Return (USD) Index Futures CFTC Certified MSCI EM ex China Net Total Return (USD) Index Futures CFTC Certified
MSCI New Zealand Net Total Return (USD) Index Futures -- MSCI EM ex Korea Net Total Return (USD) Index Futures CFTC Certified
MSCI Philippines Net Total Return (USD) Index Futures -- MSCI EM LatAm Net Total Return (USD) Index Futures CFTC Certified 
MSCI Singapore Free Net Total Return (USD) Index Futures CFTC Certified MSCI Emerging Markets Net Total Return (USD) Index Futures CFTC Certified
MSCI Singapore Net Total Return (USD) Index Futures -- MSCI Pacific ex Japan Net Total Return (USD) Index Futures CFTC Certified
MSCI Taiwan Net Total Return (USD) Index Futures -- MSCI Pacific Net Total Return (USD) Index Futures CFTC Certified
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures CFTC Certified

 

Price return index options
 
Contracts
MSCI Taiwan (USD) Index Options*** --

 

 
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

Contracts

Aggregate Market Share in Jan 2021****

Liquidity Providers

Block Trade Participants

MSCI Taiwan (USD) Index Futures  5.3% 3.93% 
MSCI Taiwan Net Total Return (USD) Index Futures  7% 20.7% 
MSCI Japan Net Total Return (USD) Index Futures  0%  0%
MSCI India Net Total Return (USD) Index Futures  40%   0%
MSCI China Free Net Total Return (USD) Index Futures  16%   0%
MSCI Indonesia Net Total Return (USD) Index Futures  15%  0% 
MSCI Australia Net Total Return (USD) Index Futures  0%   0%
MSCI Thailand Net Total Return (USD) Index Futures  0%   0%
MSCI Malaysia Net Total Return (USD) Index Futures  15.5%   0%
MSCI EM Asia Net Total Return (USD) Index Futures  100%  0%
MSCI Singapore Net Total Return (USD) Index Futures  0%   0%
MSCI Vietnam Net Total Return (USD) Index Futures  0%   0%
MSCI Hong Kong Net Total Return (USD) Index Futures  0%  0%
MSCI Philippines Net Total Return (USD) Index Futures  50%   0%
MSCI Indonesia (USD) Index Futures  93%   0%
MSCI Emerging Markets Net Total Return (USD) Index Futures  100%   0%
MSCI Emerging Markets (USD) Index Futures  50%   0%
MSCI China Free (USD) Index Futures  71%  0% 
MSCI India (USD) Index Futures  100%   0%
MSCI Malaysia (USD) Index Futures  0%  0% 
MSCI Philippines (USD) Index Futures 0%   0%
MSCI Thailand (USD) Index Futures 0%   0%
MSCI Vietnam (USD) Index Futures
0%  0% 
MSCI Japan Net Total Return (JPY) Index Futures  0%   0%
MSCI Japan (JPY) Index Futures 0%   0%
MSCI Singapore Free (SGD) Index Futures 100%   0%
MSCI Taiwan 25/50 (USD) Index Futures  75%  0% 
MSCI Taiwan 25/50 Net Total Return (USD) Index Futures 100%  0% 
* Source: MSCI Inc. Assets under management (AUM) as of 31 December 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. 

*** Tentative launch date in Q1 2021, subject to regulatory approval.

**** Aggregate market share of liquidity providers and block trade participants under the Cash Incentive Program in January 2021 (information last updated on 25 February 2021) 

 

 

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