HKEX launches 10 MSCI index futures contracts

Business | 6 Jul 2020 1:44 pm

Hong Kong Exchanges and Clearing (0388) launched 10 MSCI index futures contracts today, which are denominated in US dollars and track underlying equities in markets such as Australia, mainland China, India, Indonesia, Japan, Malaysia, Taiwan and Thailand.

That is the first batch of futures contracts as part of HKEX's new index licensing agreement with MSCI. In May, HKEX signed a 10-year licensing agreement with MSCI to license a suite of MSCI indexes in Asia and Emerging Markets for the launch of 37 futures and options contracts in Hong Kong.

The stock exchange operator will launch the second tranche of contracts, including seven more USD-denominated futures contracts on July 20. And it plans to launch the remainder of the contracts later in the year, subject to regulatory approvals and market conditions.

“Today’s listing marks an exciting new chapter for HKEX and our markets, as we provide even more choice to our customers, and continue to build the breadth, depth and attractiveness of Hong Kong’s financial markets as a global trading and investment hub,” said HKEX Head of Markets Wilfred Yiu.

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