Block Trade Participant Program for MSCI Asia and Emerging Market Index Futures Suite in 2023

The Hong Kong Futures Exchange Limited (the “Exchange”) announced the launch of a Block Trade Participant (“BTP”) Program for the MSCI Asia and Emerging Market Index Futures Suite (“MSCI Suite”) to support the liquidity development of MSCI Suite in 2023. The BTP Program is designed to facilitate the execution of large trades and encourages greater liquidity in the MSCI Futures market through cash incentives. In order to be eligible for the program, participants must execute block trades at a minimum volume of 2,000 contracts per quarter on any single suite of 26 specified MSCI Net Total Return Index Futures. The cash incentives will be rewarded based on the total number of valid contracts and will be USD 0.5 per contract.

resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKFE/2023/EQD_01_23_e.pdf