Wednesday, September 30, 2020
Financing and M&A

HKEX Launches 1st Tranche of MSCI Futures Contracts

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to today (Monday) welcome the launch of the first futures contracts as part of its new index licensing agreement with MSCI Inc., announced on 27 May 2020. This represents a major step forward in the expansion of HKEX’s derivatives product suite and significantly adds to the breadth and depth of the Hong Kong markets.

The 10 MSCI index futures contracts, which are denominated in US dollars (USD) and track underlying equities in markets such as Australia, mainland China, India, Indonesia, Japan, Malaysia, Taiwan and Thailand, were successfully listed on HKEX’s derivatives market earlier today. A total of 10 market makers are providing liquidity in the order book on day one, helping support a deeper pool of liquidity.

On 20 July, HKEX will launch the second tranche of contracts, with seven more USD-denominated futures contracts listing on HKEX.

“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.

In May 2020, 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. ┬áThe agreement expands the existing partnership between the two companies, and further anchors HKEX and MSCI’s commitment to a long-term product development and innovation programme in the region.

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