Eurex is extending its Total Return Futures (TRF) segment through a cooperation with MSCI, a service provider to the global investment community.
The derivatives arm of Deutsche Börse Group plans to launch TRF contracts on three MSCI indexes: MSCI World Index, MSCI EAFE Index and MSCI Emerging Markets Index.
Scheduled for 11 March 2024, the new TRF’s will be denominated in USD, and will initially be available during US trading hours.
Expansion to European morning and Asian trading sessions is planned later in 2024.
Eurex launched the TRF segment in 2016 with the listing of the first Total Return Futures on the EURO STOXX 50 Index.
Equity TRF on EUR-denominated stocks followed in October 2019.
Randolf Roth, member of the Eurex executive board, comments: “Eurex reinforces its commitment and continues to lead in delivering innovative solutions that address increased capital requirements by offering important capital efficiencies to our sell buy-side customers.”
George Harrington, managing director at MSCI, adds: “We are pleased to work with Eurex as they expand their TRF segment to include MSCI Indexes.
“This reflects the increasing demand for cleared and listed TRFs on global benchmarks, offering enhanced capital efficiencies to market participants.”
