HKEX to roll out MSCI Asia Ex Japan Index futures 01 June 2018Hong Kong Reporter: Brian Bollen
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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鈥檚 first regional stock index futures and will be launched on Monday 11 June.
HKEX鈥檚 MSCI AxJ Futures will be Asia鈥檚 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鈥檚 co-head of market development, said: 鈥淚nvestors in Asia will be able to trade futures on an important regional benchmark during their business day after we launch our MSCI AxJ Future.鈥�
He added: 鈥淲e 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.鈥�
鈥淲e 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.鈥�
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