November, 2019
ICE Equity Derivatives Report
November 2019 Highlights
ICE: The leading venue for MSCI Index Futures
Trade disputes and geopolitical frictions continue to drive global economies and markets. With U.S. trade policy becoming increasingly unpredictable, returns on both the MSCI EM & EAFE Indices were largely flat in November.
- ICE’s global MSCI complex: total YTD volumes of 46.7m lots up 11%, with total Open Interest in excess of 2.1m lots, up 9% YoY
- MSCI Emerging Markets Index future (BBG code: MESA) YTD volumes up 16% with Open Interest up 15% at 1.43m lots
- MSCI EAFE Index Future (BBG code: MFSA) YTD volumes up 19% with Open Interest up 26% at 378k lots
- MSCI Brazil Index Future (BBG Code: MCBA) YTD Volumes up 700% at 340k with Open Interest up 218% at 57k
Single Stock Futures & Options
Dividend Adjusted Stock Futures (“DASF”)
DASF are Single Stock Futures, providing exposure to the equity performance of the underlying stock, without dividend risk. DASF were first listed in 2013 and ICE is the only exchange globally to offer DASF on over 700 underlyings covering both developed and emerging markets. Dividend Adjusted Stock Futures volumes up 31% YTD.
Derivatives on Russian Depositary Receipt
ICE offers flexible Single Stock Futures, flexible Single Stock Options and Dividend Adjusted Stock Futures on Russian Depository Receipts (“DRs”). ICE is the only exchange globally to offer both cash settled and physically delivered futures and options on Russian DRs, covering the majority of the Russian large cap DRs. YTD our Futures and Options on Russian DRs have traded in excess of 1m lots, total Open Interest now at 628k.
Derivatives on Canadian stocks
ICE offers flexible Single Stock Futures and Dividend Adjusted Stock Futures on Canadian Stocks denominated in Canadian dollars. YTD our Canadian Single Stock Futures have traded over 1.5m lots.
ICE - The home of UK Equity Derivatives
With the announcement of a December general election the FTSE 100 posted modest gains combined with a rise in Spot Cable as hopes of a solution to the Brexit impasse rise.
ICE Futures Europe is the home of UK benchmarked Listed Derivatives with strong growth across this product set in November. The newly introduced FTSE 250 Options posted strong volumes for November with total volumes at 9.1k for the month.
- FTSE 250 Index Options Open Interest up 118% YoY
NYSE® FANG+™: trade the top of the tech
- FANG+ Futures Open Interest up 128% YoY
Volumes
MSCI Index Futures
FTSE 100 Futures
FTSE 100 Options
FTSE 100 RDSA Dividend
Single Stock Options
FANG+ Futures
FTSE 250 Index Futures
FTSE 250 Index Options
Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS)”.
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