NYSE Liffe US To Introduce New Futures On MSCI Indexes Oct 1

NYSE Euronext (NYX) plans to introduce new futures contracts tied to MSCI Inc. (MSCI) indexes on Oct. 1, the exchange operator told traders Thursday.

New futures markets linked to MSCI's EAFE NTR and the MSCI Emerging Markets NTR indexes will be available for trading on NYSE's two-year-old Liffe US derivatives exchange, according to the company.

The planned launch comes after NYSE Euronext in July secured a deal with MSCI that gives the exchange exclusive rights to trade futures on MSCI's benchmarks for European, Asian and emerging markets. MSCI also planned to terminate an existing relationship with rival exchange group CME Group Inc. (CME).

NYSE Euronext's goal is to build a following for futures on MSCI's indexes, which have about $3 trillion in global assets benchmarked to them, as it builds out its U.S. futures business. A separate effort to introduce interest-rate futures, along with a new clearinghouse facility, awaits approval from U.S. regulators.

-By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com

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