Chicago Mercantile Exchange (CME) announced a licensing deal
with Morgan Stanley to launch a futures contract based on the
MSCI EAFE Index next March.
Created in 1969, the MSCI EAFE Index has become recognised
as the benchmark for measuring international stock market
performance. It is comprised of 21 MSCI country indices
representing the developed markets outside of North America.
The amount of money benchmarked to the index worldwide has
grown to approximately $1.5tr. With the licensing agreement
with MSCI Barra, CME has targeted pension funds and other large
institutions looking for global exposure.
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