ICE to Launch Micro MSCI Futures in Singapore09.02.2021
Intercontinental Exchange, a leading global provider of data, technology, and market infrastructure, and MSCI Inc., a leading provider of mission-critical decision support tools and services for the global investment community, 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.
ICE Futures Singapore is launching ICE Micro MSCI USA & ICE Micro MSCI Europe Index Futures on October 11 2021.
— ICE (@ICE_Markets) September 1, 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.
LMAX Group intends to offer trading of NDFs in early 2023.
The sovereign wealth fund said the investment was 0.09% of its net portfolio value.
MAS’ Project Guardian for potential DeFi in wholesale funding markets has completed its first live trades.
Core Climate will provide trading of voluntary carbon credits.
The enhanced regime for stablecoins aims to support value-adding payment use cases in Singapore.