Eurex Furthers Its Expansion in Asia

Eurex, the leading European derivatives exchange and one of the remarkable clearing houses globally, is extending its footprints in Asia, according to its press release on June 2, 2021. It has launched futures on the MSCI China Tech 100 Index, as well as futures and options on the MSCI Hong Kong Listed Large Cap and the MSCI China Hong Kong Listed Large Cap indexes. 

Futures on the MSCI China Tech 100 Index will allow investors to participate in China’s technology-driven growth. The index uses a thematic approach and covers Chinese stocks related to four broad technology themes including internet, mobility, automation, and robotics, and health. As such, it captures a range of tech-based companies across the investment universe independent of a company’s industry or sector classification.

Additionally, futures and options on the MSCI Hong Kong Listed Large Cap Index and the MSCI China Hong Kong Listed Large Cap Index will allow investors to gain exposure to the biggest companies listed in Hong Kong. The former offers an alternative for the largest stocks listed in Hong Kong, whereas the latter focuses purely on companies of Mainland China listed in Hong Kong.

Apart from the three China-related indexes, Eurex is also offering further futures for investors in the APAC region: futures on MSCI World ex Australia are targeting large Australian asset managers, while futures on MSCI Emerging Markets Asia ex China offer a separate investment tool for emerging markets in Asia outside China, which is by far the largest single country in the broad Emerging Markets index.

Randolf Roth, Member of the Eurex Executive Board stated: “With this continuous strategic commitment to China and Asia-Pacific as a whole, we meet the strong demand from our customers worldwide who want to expand their financial exposure into this fast-growing region. As a global exchange, we can connect counterparties from around the world to facilitate their trades. This is also one of the reasons behind the success of our MSCI franchise.”

With a total of 37 futures and options, Eurex has the broadest range of MSCI derivatives for the Asia-Pacific region. At the end of April, total open interest in MSCI derivatives at Eurex stood at 2.7 million contracts. More than 1 million contracts were in indexes which are predominantly based on Asian stocks.