IntercontinentalExchange Group (NYSE: ICE), the leading global network
of exchanges and clearing houses, today announced that NYSE Liffe
will expand its index derivatives franchise with the launch of futures
based on MSCI Factor Indices.
NYSE Liffe expects to introduce the industry’s first futures contracts
on MSCI Equal Weighted Indices and MSCI Minimum Volatility Indices, on
February 3, 2014 via Bclear, the Exchange’s wholesale facility.
The following new contracts will be available:
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MSCI Emerging Market Minimum Volatility and Equal Weighted Futures
-
MSCI Europe Minimum Volatility and Equal Weighted Futures
-
MSCI USA Equal Weighted Futures
-
MSCI World Minimum Volatility and Equal Weighted Futures
Also known as Smart Beta Indices, these benchmarks have become
increasingly popular with the investor community as they seek to reflect
the performance characteristics of a range of investment styles and
strategies using transparent and rules-based methodologies.
“As we support the evolving requirements of our customers, the addition
of Minimum Volatility and Equal Weighted index futures contracts will
enable market users to directly implement smart passive strategies via
NYSE Liffe’s flexible and cost effective Bclear platform,” said Ade
Cordell, Executive Director of Equity Derivatives, NYSE Liffe. “We are
pleased to be the first exchange to offer these futures contracts by
working closely with users such as Seven Investment Management (7IM),
leading banks and MSCI.”
Chris Darbyshire, Chief Investment Officer, 7IM, said: “We have been
looking for the most efficient methods to implement smart passive
strategies. NYSE Liffe futures provide us with our preferred smart
passive strategy in one transaction. Using Bclear we also have clarity
on trading frictions, we can avoid the cost of intermediary providers
and are also able to eliminate counterparty risk - all a good result for
our clients.”
“MSCI’s Factor Indices are designed to reflect the performance of
systematic returns associated with certain key investment styles.
Indices such as the MSCI Minimum Volatility and MSCI Equal Weighted
families are fast becoming the market standard in capturing these
systematic returns,” said Baer Pettit, Managing Director and Global Head
of the MSCI Index Business. “The introduction of futures based on these
indices on the Bclear platform shows NYSE Liffe’s commitment to
continuously stay ahead of the trends in the investment and derivatives
markets.”
About IntercontinentalExchange Group
IntercontinentalExchange Group (NYSE: ICE) is the leading network of
regulated exchanges and clearing houses for financial and commodity
markets. ICE delivers transparent, reliable and accessible data,
technology and risk management services to markets around the world
through its portfolio of exchanges, including the New York Stock
Exchange, ICE Futures, Liffe and Euronext.
Trademarks of ICE and/or its affiliates include
IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE,
New York Stock Exchange, LIFFE and Euronext. Information regarding
additional trademarks and intellectual property rights of
IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml
and http://www.nyx.com/terms-use.
ICE Safe Harbour Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - 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, 2012, as filed with the SEC on February 6, 2013.
SOURCE IntercontinentalExchange
ICE-CORP
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