HKEX to roll out MSCI Asia Ex Japan Index futures
01 June 2018 Hong Kong
Image: Shutterstock
Hong Kong Exchanges and Clearing Limited (HKEX) has received regulatory approval to launch MSCI Asia ex Japan (MSCI AxJ) Futures, linked to the MSCI All Country (AC) Asia ex Japan Net Total Return Index.
This will be HKEX’s first regional stock index futures and will be launched on Monday 11 June.
HKEX’s MSCI AxJ Futures will be Asia’s first exchange-traded futures linked to the index, a widely used benchmark that reflects the performance of Hong Kong and 10 other equity markets in the region along with mainland enterprise shares listed in the US.
The index will be US dollar-denominated. Margin rates will be announced before the launch date.
Li Gang, HKEX’s co-head of market development, said: “Investors in Asia will be able to trade futures on an important regional benchmark during their business day after we launch our MSCI AxJ Future.”
He added: “We have found that there is potential demand for the product from investors in Asia and we are focused on delivering this futures contract to meet their diverse needs.”
“We have invested a lot of effort in understanding AxJ fund managers who need this product in Asia and are optimistic we can build a good base of market participants.”
This will be HKEX’s first regional stock index futures and will be launched on Monday 11 June.
HKEX’s MSCI AxJ Futures will be Asia’s first exchange-traded futures linked to the index, a widely used benchmark that reflects the performance of Hong Kong and 10 other equity markets in the region along with mainland enterprise shares listed in the US.
The index will be US dollar-denominated. Margin rates will be announced before the launch date.
Li Gang, HKEX’s co-head of market development, said: “Investors in Asia will be able to trade futures on an important regional benchmark during their business day after we launch our MSCI AxJ Future.”
He added: “We have found that there is potential demand for the product from investors in Asia and we are focused on delivering this futures contract to meet their diverse needs.”
“We have invested a lot of effort in understanding AxJ fund managers who need this product in Asia and are optimistic we can build a good base of market participants.”
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