NYSE Liffe US has launched three MSCI equity index futures,
stepping beyond its precious metals portfolio for the first
These are the MSCI USA Mini Index Futures, MSCI Emerging
Markets Mini Index Futures and MSCI Europe, Australasia and Far
East Mini Index Futures.
They were first traded on September 8 and in the first three
days of trading, volume amounted to 4,950 contracts, according
to Thomas Callahan, NYSE Euronext’s executive
vice-president and head of US futures.
NYSE Liffe US has 12 market makers for the three
The exchange has obtained a licence from index provider MSCI
Barra for 41 MSCI indices and plans to launch two or three new
products each quarter.
The new futures are intended to give asset managers
efficient hedging and trading tools based on the same MSCI
indices that thousands of institutional investors already
"There are so many global asset managers that track MSCI;
there is a lot of volume and liquidity in ETF form, but for a
variety of reasons there was really no liquid tradable futures
products," Callahan said.
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