Canadian derivatives trading venue Montréal Exchange (MX) has introduced futures products based on the FTSE Emerging Markets Index.
The futures, the first utilising the FTSE Emerging Markets Index, will begin trading on 13 June and are targeted at market participants seeking exposure to emerging markets for hedging, asset allocation, speculative and arbitrage purposes.
Index constituents include large and mid-cap securities from both advanced and secondary emerging markets, measuring the performance of the most liquid companies in the developing world. It represents a broad range of industry sectors and geographies.
FTSE also applies a transparent country classification review to countries within its Emerging Markets Index to ensure high standards of governance and reliability of performance data.
Alain Miquelon, president and CEO of MX, said: “Global investor interest in emerging market equities is again on the rise and with this increased participation comes the need for effective risk management and hedging tools.”
MX is owned by Toronto-based TMX Group, which own the Toronto Stock Exchange as well as other trading venues and technology businesses.