Equity contracts performance
| Product Code | Ticker | Jan 25' ADV | YTD ADV | Open Interest | |
|---|---|---|---|---|---|
| FTSE | |||||
| FTSE 100 Index Futures | Z | Z A | 80,186 | 80,186 | 483,194 |
| FTSE 100 Index Options | ESX | UKX | 30,228 | 30,228 | 1,086,568 |
| FTSE 250 Index Futures | Y2 | YBYA | 3,110 | 3,110 | 25,233 |
| FTSE 100 Dividend Index Futures | XZ | UKDA | 1,578 | 1,578 | 107,728 |
| MSCI | |||||
| MSCI Emerging Markets Index Futures | MME | MESA | 98,500 | 98,500 | 1,075,980 |
| MSCI EAFE Index Futures | MFS | MFSA | 37,130 | 37,130 | 438,815 |
| MSCI EM ex China Index Futures | MMC | MMLA | 143 | 143 | 26,250 |
| MSCI ACWI Index Futures | MMW | MWAA | 264 | 264 | 43,268 |
| MSCI Brazil Index Futures | MCG | MCBA | 329 | 329 | 19,184 |
| Climate & ESG | |||||
| MSCI EM Climate PAI Index Futures | MVU | WOWA | 0 | 0 | 17,724 |
| MSCI World Climate Change Index Futures | WOW | MVYA | 174 | 174 | 10,829 |
| MSCI Europe Climate PAI Index Futures | MVT | MTEA | 40 | 40 | 7,732 |
| MSCI World Climate PAI Index Futures | MVR | MRPA | 12 | 12 | 4,964 |
| FANG | |||||
| Micro FANG+ Index Futures | FNG | FNSA | 3,473 | 3,473 | 14,922 |
| Single Stock Derivatives | |||||
| Futures | - | - | 40,341 | 40,341 | 77,921 |
| Options | - | - | 33,622 | 33,622 | 3,043,086 |
Products highlights
FTSE Index Derivatives
This January, the FTSE 100 Index reached record highs, marking its best monthly performance since November 2022 with a 6.1% increase. This rally was driven by strong gains in the technology and financial services sectors. Large-cap companies, many of which generate a significant portion of their revenues from overseas, outperformed their small and mid-cap peers.
Meanwhile, the FTSE 250 Index posted a more moderate gain of 1.6% for the month. This divergence reflects the impact of persistent inflation and ongoing concerns about U.K. economic growth, which tempered investor sentiment toward more domestically focused firms.
- FTSE 100 Index Futures YTD Average Daily Volume (ADV) of 80k lots, representing £7 billion in notional daily volume; Open Interest (OI) exceeding 480k lots, totalling £42 billion in notional value.
- FTSE 100 Index Options YTD ADV of 30k lots, representing £2.6 billion in notional daily volume; OI exceeding 1.08 million lots or £95 billion in notional value.
- FTSE 250 Index Futures YTD ADV of 3.1k lots with end of month OI of £1 billion or 25k lots.
Notable updates
- FTSE Index Options: New Liquidity Provider Programme
MSCI Index Derivatives
In January 2025, the MSCI ACWI PR USD Index rose by 3.3%, reflecting resilience in global markets despite lingering concerns over interest rate trajectories and geopolitical tensions.
Developed markets outperformed, with the MSCI EAFE PR USD Index gaining 5.2% and MSCI EUROPE PR USD Index surging 6.8%. Eurozone equities performance was supported by a combination of factors: a rotation out of U.S. tech stocks, easing trade tariffs concerns and stabilizing inflation in Europe. Furthermore, the European Central Banks dovish signals further supported inflows in the region.
Meanwhile, emerging markets equities lagged, as the MSCI EM PR USD Index was moderately up 1.7%. While a softer U.S. dollar provided support, ongoing tariff risks weighed on markets. However, GCC markets, including Kuwait, UAE, and Saudi Arabia, delivered positive returns amid a rising oil price.
- MSCI EAFE Index Future (MFSA) YTD ADV of 37k lots, representing $4.5 billion in notional daily volume; OI exceeding 438k lots or $53 billion in notional value.
- MSCI Emerging Markets Index Futures (MESA) YTD ADV of 98.5k lots, representing $5.4 billion in notional daily volume; OI exceeding 1.07 million lots or $60 billion in notional value.
- MSCI ACWI NTR Index Future (WMWA) YTD ADV of 264 lots, representing $26.5 million in notional daily volume; OI exceeding 43k lots or $4.3 billion in notional value.
Notable updates
- MSCI Daily Futures Contract Spreads are now live on Bloomberg. By trading these spreads, market participants can execute market-on-close orders several days before index publication.
- More information in the FAQ here.
More about ICE MSCI Complex
New MSCI Futures on ICE Futures Abu Dhabi (IFAD)
ICE Futures Abu Dhabi announced the launch of four Micro MSCI Index Futures contracts, effective February 24. These Contracts provide additional trading options for investors wanting to access south Asian and Gulf markets. More information
IFAD Micro MSCI Index Futures - Quote Vendors Codes
MSCI GCC Countries Combined Net Total Return USD Index | MSCI Qatar Net Total Return USD Index | MSCI UAE Net Total Return USD Index | MSCI India Net Total Return USD Index | |
|---|---|---|---|---|
| Refinitiv Real Time Index | MIGCC0000NUS | MIQA00000NUS | MIAE00000NUS | MIIND0000NUS |
| Refinitiv Futures RIC | 0#GAC | 0#QAT: | 0#UAE | 0#INA: |
| Bloomberg Real Time Index | NU133709 | M1QAR | M1AER | M1IN |
| Futures Ticker | =MGCA index | QTRA Index | UAEA Index | INIA Index |
All MSCI Index Futures tickers are available on Bloomberg terminal under BMSI <GO>.
ICE Sustainable Equity Futures
ICE Sustainable Equity Futures, which encompass a range of climate and sustainability-focused contracts, continued their growth trajectory in early 2025. OI across the complex has reached 50,000 lots, representing a notional value of $3.0 billion—marking a 40% year-over-year increase compared to January 2024.
Top 5 Sustainable Contracts by Notional OI Jan 25
| Contract Name (Ticker) | Notional OI $m |
|---|---|
| MSCI Emerging Market PAI Index Future (MVYA) | 1,050 |
| MSCI World Climate Change Index Future (WOWA) | 725 |
| MSCI Europe PAI Index Future (MTEA) | 480 |
| MSCI World PAI Index Future (MRPA) | 380 |
| MSCI World Selection Index Future (LFWA) | 350 |
Micro NYSE FANG+ Index Futures
In January, several of the NYSE FANG+ Index components reported strong earnings and product innovations that boosted investor confidence and overall market sentiment towards the tech sector. The underlying FANG+ Index finished January up 3.2% vs. it’s 2024-year end close.
- Micro NYSE FANG+ Futures: YTD ADV of 3.5k lots, representing $240 million in notional daily volume; OI at 15k lots or £1 billion in notional value.
For more details FANG Futures
Single Stock Derivatives
- UK Single Stock Equity Options: YTD ADV of 27k lots with end of month OI of 1.7m lots.
- Pan European Single Stock Flex Options: YTD ADV of 6.4k lots with end of month OI of 1.3m lots
- Canadian Single Stock Futures YTD ADV at 37.5k Lots with end of month OI at 107k lots
| Contract | Jan 25 Volume (lots) | Month End Open Interest (Lots) |
|---|---|---|
| TSB Lloyds Banking Group plc | 109,061 | 267,653 |
| BBL Barclays plc | 100,932 | 174,524 |
| BP BP plc | 94,167 | 169,715 |
| GL Glencore plc | 48,855 | 241,131 |
| RR Rolls-Royce Group plc | 36,259 | 50,621 |
For more details Single Stock Futures & Options