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MSCI indexes

MSCI indexes are some of the world’s most widely tracked benchmarks, with more than USD 12 trillion linked to them. They also serve as the basis for almost 1,000 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. MSCI derivatives help managers facilitate in and outflows of funds, hedge existing equity exposure and enhance portfolio performance.

Eurex’ MSCI derivatives segment has seen another record quarter in Q1/2019 with over 4.7 million traded contracts – a year-on-year growth of 14 percent. Asian underlyings continue to contribute strongly to this figure. In total, the open positions reached EUR 85 billion in MSCI futures and EUR 27 billion in MSCI options as of end of May 2019.

Over 100 MSCI derivatives

Eurex is the only exchange offering a comprehensive suite of products consisting of futures and options on regional and country indexes: currently, 117 MSCI futures and 20 MSCI options are available covering Emerging Markets (EM) and Developed Markets (DMs) in different index types (NTR, GTR and price indexes) and different currencies (EUR, USD, GBP and JPY).

MSCI products: volume & open interest in thousands


Covering entire regions and single countries

Investors can now gain exposure to entire regions and single countries via Eurex Exchange's MSCI index derivatives offering. The complete suite of products available covers developed, emerging and frontier markets and includes a number of attractive contracts based on popular benchmark indexes, for example futures and options on the

  • MSCI World Index, covering the universe of developed markets as a whole
  • MSCI Europe Index, the leading benchmark for European equity funds
  • MSCI Emerging Markets Index, measuring performance of equities in the global emerging markets

Access to developed and emerging markets

With our regional MSCI Emerging Markets Index derivatives our participants can not only gain access to leading benchmarks for fund managers, but also to single emerging market countries in Asia (like India or Thailand), Eastern Europe (like Poland or Russia), Africa (like South Africa or Egypt) or Latin America (like Mexico or Chile).

In addition to these combined emerging markets indexes there is also the possibility to choose single countries for your investment, e.g. with our futures on the MSCI Russia, MSCI Japan, MSCI Peru or MSCI South Africa Index.

Frontier markets to watch

Also available are the so-called frontier markets including, for example, Kazakhstan, Nigeria, Kuwait and Vietnam. The MSCI Frontier Markets Index shows potential to develop into another benchmark over time and we are showing our early commitment to emerging and frontier market derivatives.



ProductDiff. to prev. day lastLast priceContractsTime
FMWO +0.06% 6,439.00 112 10:05:39
FMWN -0.34% 295.80 10 09:07:01
FMEU +0.11% 230.50 366 10:07:59
FMEM +0.08% 485.90 3 03:31:17

Oct 17, 2019 10:07:59 AM


ProductDiff. to prev. day lastLast priceContractsTime
FMEN -0.12% 410.20 138 18:24:00
FMEA +0.11% 542.20 16 18:24:02
FMEL +0.14% 516.50 126 21:58:00
FMCN +0.28% 835.70 11 10:03:35

Oct 17, 2019 10:03:35 AM

AITE research on MSCI exchange-traded derivatives

MSCI Exchange-Traded Derivatives in Today’s Market Structure, researched by Aite Group, highlights various scenarios of trading MSCI exchange-traded derivatives and discusses how buy-side and sell-side firms can gain efficiencies and drive superior results. Read more.

Index Licensing


Explore a comprehensive overview of MSCI index world that includes various financial products linked to MSCI Indexes.

Interview: Susquehanna takes on Market-Making in MSCI and STOXX® Index Options

Read what Cathal Hardiman from Susquehanna, one of the most active global trading firms, thinks about the development of Equity Index Options.

AITE MSCI report: an interview with the researcher

Virginie O'Shea, Research Director at AITE Group talks about interesting findings on the current market structure of MSCI exchange-traded derivatives and how margin cost influence the selection of market places.


Contact Details

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Rachna Mathur

Eurex | Sales Americas | Head of Equity & Index

1155 Avenue of the Americas, 19th floor
New York, NY 10036

T +1-212-309-93 08

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Stefan Morgenstern

Eurex Hong Kong, Sales Asia | Eurex Representative Office Hong Kong

2904 - 7, 29/F, Man Yee Building, 68 Des Voeux Road Central
Central Hong Kong

T +852 2530 7808
F +852 2530 7888


Ralf Huesmann

Eurex Frankfurt AG
Equity and Index Product Research and Development

Mergenthalerallee 61
65760 Eschborn

T +49-69-211-1 54 43



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