NYSE Liffe, the European based derivatives business of NYSE Euronext, has launched today 24 futures contracts on MSCI indices on its wholesale service Bclear.
The 24 MSCI indices are widely used by asset managers as benchmarks of market performance in Europe.
David Brierwood, chief operating officer of MSCI Barra, says: “We are delighted to license additional MSCI indices to NYSE Liffe for the creation of futures contracts on Bclear, and believe these industry group indices complement the existing 13 futures contracts linked to MSCI regional and country indices.”
Ade Cordell (pictured), director of equity derivatives and OTC services at NYSE Liffe, says: “These contracts will enable the asset management community to utilise listed futures contracts to hedge and gain exposure to a MSCI Europe industry group cost-effectively. By listing the MSCI Europe industry group futures we are delivering a uniquely granular product that offers additional choice to the investment community.”
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