ICE: The leading venue for MSCI index futures
ICE has long been the venue of choice for trading MSCI Emerging Market Index Futures (BBG code: MESA), with open interest reaching an all-time high of 1.59 million contracts ($83.4 billion in notional) and average daily volume up 18% quarter-on-quarter to reach 153,350 (over $8 billion in notional) in Q1 2019.
On April 8, ICE added to its offering with the listing of new index futures contracts to provide market participants additional opportunities to trade developed market equities with granularity around countries and sectors:
- 11 MSCI EMU Sector Index Futures* on ICE Futures Europe, that enable investors to adjust their exposure to the European Economic and Monetary Union sectors; these contracts complement the MSCI World Sector and MSCI Europe Sector Index Futures already available on ICE Futures Europe
- 8 MSCI Index Futures contracts on ICE Futures U.S. that increase the Exchange’s coverage of developed markets. We now have all the building blocks of the MSCI World Index on our platform including: MSCI North America, MSCI Europe and MSCI Pacific Index
- For the new contracts on IFUS, margin offset will be available against the MSCI EAFE Index Futures (BBG code: MFSA) which saw a record volume day on March 11 with 337,277 lots traded. As of the end of March open interest was more than 317,000 lots (over $30 billion in notional)
All relevant information for the ICE MSCI Index Derivatives is available under BMSI <GO> on your Bloomberg terminal.
*not CFTC approved
ICE: The home of UK equities
ICE offers a broad suite of highly liquid, cost-effective and margin efficient tools spanning FTSE 100, FTSE 250 and single stock options for managing UK equity risk:
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- FANG+ Futures averaged 1,143 contracts/day in March, up 53% over February.