Intercontinental Exchange Launches 10 New MSCI® Index Futures
December 14, 2020 at 08:30 am EST
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Intercontinental Exchange, Inc. announced the launch of futures on an additional 10 MSCI Indices. Four of the MSCI Indices help market participants better understand the opportunities and risks associated with climate change and transitioning to a low carbon economy. These new carbon- and climate-focused index futures capture exposure to large and mid-cap securities across developed countries and allow investors to holistically integrate climate and carbon risk considerations into their investment process. The new carbon- and climate-focused MSCI Index futures include: MSCI World Low Carbon Leaders NTR Index Future (contract symbol WLC), MSCI World Low Carbon Target NTR Index Future (contract symbol WLT), MSCI Europe Climate Change NTR Index Future (contract symbol EU1), MSCI World Climate Change NTR Index Future (contract symbol WOW). This launch further expands ICE’s offering of MSCI ESG Futures, which comprises six MSCI ESG Leaders Futures and the MSCI USA Climate Change Futures. ICE is also listing futures on a new index developed by MSCI in conjunction with ICE and market participants, the MSCI China Technology DR and P-Chip NTR Index Futures (contract symbol CHT). The index aims to track the performance of a set of Chinese companies represented by Depository Receipts and P Chips that generate revenue from technology-related activities. ICE is also listing futures on an additional four MSCI country-specific indices, which allow market participants to efficiently hedge or gain exposure to indices that capture large and mid-cap companies in Australia, Malaysia, Thailand and Hong Kong, and one regional index, the MSCI Kokusai GTR Index, denominated in Japanese Yen, also known as the MSCI World ex Japan Index. The new MSCI Futures contracts are listed below: MSCI Kokusai GTR Index (contract symbol KKS), MSCI Australia NTR Index (contract symbol AS7), MSCI Malaysia NTR Index (contract symbol MYY), MSCI Thailand NTR Index (contract symbol THG), MSCI Hong Kong NTR Index (contract symbol HKX).
Intercontinental Exchange, Inc. operates regulated futures exchanges and over-the-counter (OTC) markets for commodities and financial products (agricultural, energy, equity index and currency contracts, as well as credit derivatives). The group offers these markets to participants around the world through its technology infrastructure and trading platform, together with clearing, market data broadcasting and risk management services. Net sales break down by type of income as follows:
- income from futures and OTC markets operation (55.8%);
- income from fixed income analysis and execution services and data publishing (28.7%);
- income from a residential mortgage technology platform operation (15.5%).
The United States accounts for 66.7% of net sales.