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Hong Kong Exchange, MSCI Are Said to Plan New Asian Futures

Images of Electronic Stock Boards As Hong Kong's Hang Seng Index Rises Above 30,000 to Decade-High
Photographer: David Paul Morris/Bloomberg

Hong Kong Exchanges & Clearing Ltd. is working with index compiler MSCI Inc. to create futures contracts that would track hundreds of Asian companies, a broadening of the bourse’s offerings as it looks to build its derivatives business.

HKEX and the New York-based firm are looking at a product tied to the MSCI AC Asia ex-Japan Index, according to a document obtained by Bloomberg. The gauge tracks nearly 650 companies based in Asia excluding those from Japan, and would mark a departure for HKEX, which has mostly offered contracts linked to stocks in Hong Kong and mainland China. MSCI hasn’t had any futures listed in the former British colony since 2004.