MSCI INDEX DERIVATIVES

ICE is the home for trading MSCI index derivatives, including mini MSCI Emerging Markets, mini MSCI EAFE, MSCI World and MSCI Europe Index futures.

MSCI Index derivatives have become firmly established as reliable and liquid index futures benchmarks for the global equity trading community.

FEATURED PRODUCTS

VIEW ALL MSCI INDEX FUTURES CONTRACT SPECIFICATIONS


2016 - A RECORD YEAR FOR MSCI INDEX FUTURES

Download Infographic

Ade Cordell, Global head of equity derivatives, looks at the key drivers beyond the numbers.

EMERGING MARKETS IN THE SPOTLIGHT

Emerging markets were back under the spotlight in 2016, partly due to a weaker US dollar, low commodity prices and uncertainty in many developed markets.

10 years ago there was no viable index futures contract to hedge emerging market equity risk or to gain exposure to emerging equity markets. Today, the ICE mini MSCI Emerging Market Index futures contract, which recorded higher volumes of 26.5% on 2015 levels, is the go-to benchmark index futures contract for emerging markets.

CENTRAL BANK POLICY IMPACTS DEVELOPED MARKETS

Back at the start of 2016 the Bank of Japan moved interest rates into negative territory. Then in March the European Central Bank announced a rate cut to 0% as well as a further move into negative territory for the deposit rate. Finally, post the EU referendum vote, the Bank of England cut rates to 0.25% in August, at the same time announcing a stimulus package.

As a result the ICE mini MSCI EAFE Index futures contract saw volume surge by 52% on 2015 and open interest up 56% on 2015 levels. Because of these dramatic changes to central bank policy around the world, ICE’s mini MSCI EAFE Index futures contract also enjoyed a record year.

 

MSCI’s executive director of index business management, Ricardo Manrique, explains how the MSCI emerging markets index is formed and why it continues to attract more interest.