- Aug
- 05
- 2009
- 12:26 PM
First of Series of MSCI Indices Coming to NYSE Liffe US in September
- By: Ray Pellecchia
- File Under: Liffe derivatives
I blogged here back in May about NYSE Liffe US's plans for a new suite of futures products based on MSCI Indices. Those plans have moved forward, and today we've announced that the first of these products will launch next month.
From today's press release:
NYSE Liffe US, the innovative new U.S. futures exchange of NYSE Euronext (NYX), today announced that it has set a September 8 launch date for its first three equity index futures, based on the MSCI USA, Emerging Markets (EM) and EAFE indices. These products are the first to be launched under a May licensing agreement between NYSE Liffe US and MSCI Inc. (NYSE: MXB), a leading provider of investment decision support tools worldwide. With more than 40 unique futures products based on MSCI international equity market indices, investors will have access to highly-liquid investment tools to efficiently capture global equity market exposure with the safety and transparency of a centrally cleared, electronic market. ...
... These products represent NYSE Liffe US’s entry into a new asset class beyond the initial gold and silver contracts it opened with in September 2008. MSCI, which calculates over 120,000 equity indices daily, introduced its global equity benchmarks over 40 years ago. NYSE Liffe US launched trading in September 2008 as a fully electronic, liquid market for 100 oz. gold futures, 5,000 oz. silver futures, options on gold and silver futures, and mini-sized 33.2 oz. gold and 1,000 oz. silver futures. ...
We'll keep you posted on further developments on this front.
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