MSCI indexes are some of the world’s most widely tracked benchmarks, with about USD 7 trillion linked to them. They also serve as the basis for over 500 Exchange- Traded Funds (ETFs). The massive amount of capital benchmarked against MSCI indexes and the improved tradability of index based products via ETFs has led to the increased need for futures and options as they help managers facilitate in and outflows of funds, hedge existing equity exposure and enhance portfolio performance. Eurex Exchange already offers you the following equity index derivatives based on successful MSCI indexes.

Global and regional MSCI Indexes
Futures and options based on the indexes MSCI World, MSCI Europe, MSCI All Countries Asia Pacific ex-Japan and futures on the MSCI Frontier Markets index are already available to our participants. Additional derivatives on regional and country-specific MSCI emerging markets indexes will be launched in July 2013. The two product launches will grow the existing offering of equity index derivatives at Eurex Exchange from 70 to approximately 100.
With the new products, our participants not only gain access to leading benchmarks for fund managers, but also to the developed Asian markets as well as Asian emerging markets, e.g., China, Korea, Taiwan and India. Also available are the so-called frontier markets including, for example, Kazakhstan, Nigeria, Kuwait and Vietnam. The MSCI Frontier Markets Index shows strong potential to develop into another benchmark over time and Eurex Exchange is showing its early commitment to emerging market derivatives.

MSCI Russia Index
The MSCI Russia Index comprises the largest Russian companies by market capitalization meeting certain minimum liquidity and free float screens, for companies incorporated in Russia with a listing in Russia, London or New York. The weighting of the components is not capped. Currently it contains 32 companies, and it is reviewed four times a year. With MSCI Russia Index futures and options we are offering attractive, cost-efficient and liquid investment and diversification opportunities in one of the most important emerging markets.

MSCI Japan Index
The Japanese cash market is the largest and most important market in Asia. With our MSCI Japan Index Futures we enable our European and U.S. participants to better hedge their Japanese equity exposure and offer at the same time new trading opportunities.
The MSCI Japan Index represents approximately 85 percent of the market capitalization of Japanese stocks and comprises nearly 350 of the largest companies listed on the main Japanese cash markets.