ICE Launches MSCI庐 MarketAxess Tradable Corporate Bond Index Futures to Help Investors Hedge Corporate Bond Exposure
Intercontinental Exchange (ICE) has launched MSCI庐 MarketAxess Tradable Corporate Bond Index futures, expanding its suite of financial products. The new futures contracts are based on newly created corporate bond indices by MSCI and MarketAxess, offering four variants across USD and EUR markets in both Investment Grade and High Yield categories.
These indices utilize MarketAxess' Relative Liquidity Scores to identify liquid fixed income securities from MSCI's broader Corporate Bond Indices. The launch aims to provide institutional investors with better tools for managing corporate bond portfolios and integrating hedging strategies. ICE currently dominates global MSCI futures trading, accounting for over 70% of volume in equity markets. In 2024, ICE's MSCI complex has averaged daily volumes of 190,000 contracts, representing approximately $13.6 billion in notional value.
Intercontinental Exchange (ICE) ha lanciato i futuri MSCI庐 MarketAxess Tradable Corporate Bond Index, ampliando la sua gamma di prodotti finanziari. I nuovi contratti futures si basano su indici obbligazionari aziendali recentemente creati da MSCI e MarketAxess, offrendo quattro varianti nei mercati USD ed EUR, sia nella categoria Investment Grade che in quella High Yield.
Questi indici utilizzano i punteggi di liquidit脿 relativa di MarketAxess per identificare i titoli a reddito fisso liquidi dagli indici obbligazionari aziendali pi霉 ampi di MSCI. Il lancio mira a fornire agli investitori istituzionali migliori strumenti per gestire i portafogli obbligazionari aziendali e integrare strategie di copertura. ICE attualmente domina il trading globale dei futures MSCI, rappresentando oltre il 70% del volume nei mercati azionari. Nel 2024, il complesso MSCI di ICE ha registrato volumi giornalieri medi di 190.000 contratti, corrispondenti a circa 13,6 miliardi di dollari in valore nozionale.
Intercontinental Exchange (ICE) ha lanzado futuros del MSCI庐 MarketAxess Tradable Corporate Bond Index, ampliando su gama de productos financieros. Los nuevos contratos de futuros se basan en 铆ndices de bonos corporativos reci茅n creados por MSCI y MarketAxess, ofreciendo cuatro variantes en los mercados USD y EUR, tanto en la categor铆a de Investment Grade como en la de High Yield.
Estos 铆ndices utilizan las Puntuaciones de Liquidez Relativa de MarketAxess para identificar valores de renta fija l铆quidos de los 铆ndices m谩s amplios de bonos corporativos de MSCI. El lanzamiento tiene como objetivo proporcionar a los inversores institucionales mejores herramientas para gestionar carteras de bonos corporativos e integrar estrategias de cobertura. ICE actualmente domina el comercio global de futuros MSCI, representando m谩s del 70% del volumen en los mercados de acciones. En 2024, el complejo MSCI de ICE ha promediado vol煤menes diarios de 190,000 contratos, lo que representa aproximadamente 13.6 mil millones de d贸lares en valor nocional.
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鞚措摛 歆�靾樀鐢 MarketAxess鞚� 靸侂寑 鞙犽彊靹� 鞝愳垬毳� 頇滌毄頃橃棳 MSCI鞚� 氤措嫟 雱撿潃 旮办梾毂勱秾 歆�靾橃棎靹� 鞙犽彊靹膘澊 鞛埖鐢 瓿犾爼 靾橃澋 歃濌秾鞚� 鞁濍硠頃╇媹雼�. 鞚措矆 於滌嫓电� 旮瓣磤 韴瀽鞛愳棎瓴� 旮办梾毂勱秾 韽姼韽措Μ鞓� 甏�毽� 氚� 項れ 鞝勲灥 韱淀暕鞚� 鞙勴暅 雿� 雮橃潃 霃勱惮毳� 鞝滉车頃樀鐢 瓴冹潉 氇╉憸搿� 頃橁碃 鞛堨姷雼堧嫟. 順勳灛 ICE电� MSCI 靹犽 瓯半灅鞐愳劀 70% 鞚挫儊鞚� 鞁滌灔 鞝愳湢鞙潉 彀頃橁碃 鞛堨姷雼堧嫟. 2024雲� ICE鞚� MSCI 氤淀暕觳吹鐢 頃橂（ 韽夑窢 190,000 瓿勳暯鞚� 瓯半灅霟夓潉 旮半頃橃棳 鞎� 136鞏� 雼煬鞐� 雼晿电� 氇呺 臧�旃橂ゼ 雮橅儉雰呺媹雼�.
Intercontinental Exchange (ICE) a lanc茅 des contrats 脿 terme MSCI庐 MarketAxess Tradable Corporate Bond Index, 茅largissant ainsi sa gamme de produits financiers. Les nouveaux contrats 脿 terme sont bas茅s sur des indices obligataires d'entreprise r茅cemment cr茅茅s par MSCI et MarketAxess, offrant quatre variantes sur les march茅s USD et EUR dans les cat茅gories Investment Grade et High Yield.
Ces indices utilisent les scores de liquidit茅 relative de MarketAxess pour identifier les titres 脿 revenu fixe liquides issus des indices obligataires d'entreprise plus larges de MSCI. Le lancement vise 脿 fournir aux investisseurs institutionnels de meilleurs outils pour g茅rer les portefeuilles obligataires d'entreprise et int茅grer des strat茅gies de couverture. Actuellement, ICE domine le commerce mondial des contrats 脿 terme MSCI, repr茅sentant plus de 70 % du volume sur les march茅s boursiers. En 2024, le complexe MSCI d'ICE a enregistr茅 des volumes moyens quotidiens de 190 000 contrats, repr茅sentant environ 13,6 milliards de dollars en valeur notionnelle.
Intercontinental Exchange (ICE) hat die MSCI庐 MarketAxess handelbare Unternehmensanleiheindex-Futures eingef眉hrt und erweitert damit sein Angebot an Finanzprodukten. Die neuen Futures basieren auf neu geschaffenen Unternehmensanleiheindizes von MSCI und MarketAxess und bieten vier Varianten in den USD- und EUR-M盲rkten sowohl f眉r Investment Grade als auch f眉r High Yield-Kategorien an.
Diese Indizes nutzen die Relative Liquidit盲tsbewertungen von MarketAxess, um fl眉ssige festverzinsliche Wertpapiere aus den umfassenderen Unternehmensanleiheindizes von MSCI zu identifizieren. Mit der Markteinf眉hrung soll institutionellen Investoren ein besseres Werkzeug zur Verwaltung von Unternehmensanleiheportfolios und zur Integration von Hedge-Strategien zur Verf眉gung gestellt werden. ICE dominiert derzeit den globalen Handel mit MSCI-Futures und macht 眉ber 70% des Volumens auf den Aktienm盲rkten aus. Im Jahr 2024 hat das MSCI-Komplex von ICE durchschnittlich t盲gliche Handelsvolumina von 190.000 Kontrakten erzielt, was etwa 13,6 Milliarden Dollar an nominalem Wert entspricht.
- Launch of new corporate bond futures products expands ICE's market offering
- Strong market position with 70% of global MSCI futures trading volume
- High trading activity with 190,000 average daily contracts in 2024
- $13.6 billion daily notional value in MSCI complex trading
- None.
Insights
The launch of MSCI庐 MarketAxess Tradable Corporate Bond Index futures represents a significant innovation in credit market derivatives. These futures contracts address a important gap in the market by providing institutional investors with efficient tools to hedge corporate bond exposure. The timing is particularly strategic given the high client adoption rates of credit futures.
The new suite includes four distinct contracts covering both Investment Grade and High Yield bonds in USD and EUR denominations. The incorporation of MarketAxess' Relative Liquidity Scores in the index methodology is particularly valuable, as it ensures the underlying instruments maintain sufficient trading volume for effective price discovery and hedging capabilities. With ICE's existing MSCI futures seeing an average daily volume of
This product launch strengthens ICE's competitive position in the derivatives market, where it already dominates with
The futures contracts will be based on MSCI and MarketAxess鈥� newly created corporate bond indices. These tradable indices aim to provide a benchmark for the performance of the corporate bond market, incorporating sector and credit allocation to ensure low tracking error to the MSCI parent indices and reliable replication of the credit market.
鈥淭he introduction of ICE MSCI MarketAxess Corporate Bond futures are a welcome addition to the existing suite of credit futures,鈥� said Antony Harden, Executive Director, Goldman Sachs. 鈥淭iming couldn鈥檛 be better as client adoption hits an all-time high as credit futures find their way into investors toolkits.鈥�
ICE鈥檚 four futures contracts offer a way for institutional investors to integrate corporate bond hedges into their investment process and are based on the following indices: MSCI MarketAxess USD IG Tradable Corporate Bond Index, MSCI MarketAxess USD HY Tradable Corporate Bond Index, MSCI MarketAxess EUR IG Tradable Corporate Bond Index and MSCI MarketAxess EUR HY Tradable Corporate Bond Index.
The MSCI MarketAxess Tradable Corporate bond indices methodology uses MarketAxess鈥� Relative Liquidity Scores to identify and measure the performance of a selection of liquid fixed income securities from MSCI鈥檚 broader Corporate Bond Indices.
鈥淚CE鈥檚 markets account for over
"We are excited to be working with ICE and MarketAxess to provide investors with innovative tools designed to manage credit exposures more efficiently,鈥� said George Harrington, Managing Director, MSCI. 鈥淏y leveraging MSCI's index methodologies, MarketAxess' unique liquidity metrics and ICE's leading trading platform, clients can efficiently trade and achieve enhanced liquidity.鈥�
鈥淐redit futures are an important tool for a healthy market and our institutional clients鈥攐ne that will generate more liquidity in the cash markets,鈥� said Kat Sweeney, Global Head of Data and ETF Solutions at MarketAxess. 鈥淲e are proud to have introduced these tradable indices with MSCI and are equally excited to be expanding on our data and trading relationship with ICE with the launch of these futures.鈥�
ICE鈥檚 MSCI MarketAxess Tradable Corporate Bond Index Futures will join ICE鈥檚 existing suite of liquid futures based on MSCI ACWI, MSCI EAFE, MSCI Emerging Markets, MSCI ESG and MSCI Climate indices, providing participants around the world with a set of tools to manage equity risk. So far in 2024, the average daily volume for ICE鈥檚 MSCI complex is over 190,000 contracts, equal to an estimated
About Intercontinental Exchange
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 鈥� Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.
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FAQ
What are the four new MSCI MarketAxess Corporate Bond Index futures launched by ICE?
What is the current trading volume for ICE's MSCI futures complex in 2024?
How much of global MSCI futures trading does ICE control?
How do the new MSCI MarketAxess Tradable Corporate Bond indices select their components?
