ICE MSCI Emerging Markets Index

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The MSCI Emerging Markets Index Futures was established in 1988 and included only 10 countries. It currently captures 27 countries and 1,380 constituents in its index[1] and makes up roughly 12% of the [ICE MSCI ACWI NTR Index], which is this contracts underlying index. The index is designed to reflect the changes in emerging global markets to guide investors on properly allocating their assets.[2]

MSCI Emerging Markets Index Futures
Trading Screen Product Name MSCI Emerging Markets Index Futures
Trading Screen Hub Name ICUS
Contract Size 50 USD multiplied by the MSCI Emerging Markets Index level
Contract Series Twelve months in the March, June, September and December quarterly cycle
Price Quotation Index Points, to 3 decimal places
Tick Size 0.100 Index Points($5.00 per contract);

BIC Trades can be done at 0.001 Index Points

Last Trading Day Third Friday of the contract month. Trading in the expiring contract ceases at 4:15pm NY time on Last Trading Day.
Contract Symbol MME
Final Settlement Cash settlement to the closing value of the MSCI Emerging Markets Index on the Last Trading Day for the contract.
Position Limit Position Limit and Position Accountability information for all IFUS products can be found here.[3]
Daily Price Limit N/A
Off Exchange Trade Types Block Trade

EFP EFS

Block Trade Minimum 50 contract block threshold on outrights, 25 contract threshold on calendar spreads.
MIC Code IFUS
Clearing Venues ICUS
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 8:00 PM - 6:00 PM*

20:00 - 18:00

7:30 PM

19:30

LONDON 1:00 AM - 11:00 PM*

01:00 - 23:00

12:30 AM

00:30

SINGAPORE 9:00 AM - 7:00 AM*

09:00 - 07:00

8:30 AM

08:30

*Next Day

Market opens at 6:00pm on Sunday, for Monday’s trade date. Pre-open at 5:30pm Sunday, 7:30pm Monday through Thursday

Codes Clearing Admin Name MSCI EM
Physical MME
Logical MME
GMI (FC) ME
ION A.C.N. None

Notes

References

  1. MSCI Emerging Markets Index (USD). CME.
  2. Emerging Markets. MSCI.
  3. Position Limit and Accountability Info. CME.

Resources

ICE MSCI Emerging Markets Index Product Spec