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ICE to launch Micro MSCI USA and Micro MSCI Europe Index Futures on ICE Futures Singapore
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Intercontinental Exchange (NYSE:ICE) has extended its partnership with MSCI (NYSE:MSCI) to launch micro-sized futures contracts based on the MSCI USA and MSCI Europe indices on October 11, 2021, in Singapore. These contracts, priced around USD 20,000, will offer Asian investors affordable access to US and European equity markets. This move enhances ICE's position as a leading venue for MSCI derivatives, complementing over 100 futures contracts already available.
Positive
Launch of micro-sized futures contracts offers affordable access to US and European markets for Asian investors.
ICE strengthens its position as the most liquid venue for trading MSCI derivatives.
Negative
None.
Launch Follows Extension of Partnership with MSCI to Expand ICE MSCI Offering in Asia Pacific
ICE is the most liquid venue to trade MSCI derivatives and offers more than 100 futures contracts
SINGAPORE--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and MSCI Inc. (NYSE:MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, today announced an extension of their existing license agreement to ICE Futures Singapore. As part of this, ICE plans to launch micro sized futures contracts based on the MSCI USA and MSCI Europe Index on ICE’s Singapore-based exchange on October 11, 2021.
The micro futures contracts, which are denominated in US Dollars, allow investors across Asia to access US and European equity markets on a single platform in a cost-efficient manner. Their small contract size (equivalent to a notional value of around USD $20,000) allows for granular trading and precise risk management.
The indices are designed to be representative of each region’s large and mid-cap equities. While the MSCI USA index represents the US equity opportunity set, the MSCI Europe Index covers 15 developed-market countries in Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK).
“MSCI is committed to providing tools, services and insights for investors, empowering them to manage their portfolios for better outcomes,” said George Harrington, Global Head of Derivatives Licensing at MSCI. “We are pleased to work with ICE to bring enhanced trading and risk management solutions for investors in Asia who seek to capture opportunities in the US and European markets.”
“ICE is leveraging its strong partnership with MSCI to offer investors a way to trade global equities from Singapore, designed to meet demand within Asia for smaller sized contracts,” said Lucas Schmeddes, President, ICE Futures Singapore. “Tailored for the Asian market, ICE Futures Singapore connects regional and international participants on its platform to unlock trading opportunities and provide access to global markets.”
The Micro MSCI USA and Micro MSCI Europe Index futures contracts will trade alongside other contracts on ICE Futures Singapore which include Micro Asia Tech 30 Index futures, Bakkt® Bitcoin futures, as well as cash settled Mini Brent Crude, Mini US Dollar Index®, Mini US Dollar/Offshore Renminbi, and Mini US Dollar/Singapore Dollar futures.
ICE lists more than 100 futures contracts on MSCI indices, capturing the entire equity opportunity set across benchmarks including the MSCI ACWI, World, Emerging Markets and EAFE down to country-specific, sector and factor indices. To learn more about MSCI Index futures, please visit: https://www.theice.com/equity-index/msci and https://www.theice.com/equity-index/msci/micro-msci. MSCI® and the MSCI indexes are trademarks and service marks of MSCI Inc. or its affiliates and are used under license.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. 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).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
