ICE Launches MSCI Marketaxess Tradable Corporate Bond Index Futures
Intercontinental Exchange, Inc announced the launch of MSCI® MarketAxess Tradable Corporate Bond Index futures.The futures contracts will be based on MSCI and MarketAxess’ newly created corporate bond indices. These tradable indices aim to provide a benchmark for the performance of the corporate bond market, incorporating sector and credit allocation to ensure low tracking error to the MSCI parent indices and reliable replication of the credit market. ICE’s four futures contracts offer a way for institutional investors to integrate corporate bond hedges into their investment process and are based on the following indices: MSCI MarketAxess USD IG Tradable Corporate Bond Index, MSCI MarketAxess USD HY Tradable Corporate Bond Index, MSCI MarketAxess EUR IG Tradable Corporate Bond Index and MSCI MarketAxess EUR HY Tradable Corporate Bond Index. The MSCI MarketAxess Tradable Corporate bond indices methodology uses MarketAxess’ Relative Liquidity Scores to identify and measure the performance of a selection of liquid fixed income securities from MSCI’s broader Corporate Bond Indices.