Equity contracts performance
| Product Code | Ticker | Oct 25' ADV | YTD ADV | Open Interest | |
|---|---|---|---|---|---|
| FTSE | |||||
| FTSE 100 Index Futures | Z | Z A | 63,096 | 88,653 | 432,269 |
| FTSE 100 Index Options | ESX | UKX | 24,048 | 24,088 | 1,183,139 |
| FTSE 250 Index Futures | Y2 | YBYA | 1,182 | 2,440 | 27,093 |
| FTSE 100 Dividend Index Futures | XZ | UKDA | 1,120 | 1,224 | 92,422 |
| MSCI | |||||
| MSCI Emerging Markets Index Futures | MME | MESA | 88,616 | 144,274 | 1,167,608 |
| MSCI EAFE Index Futures | MFS | MFSA | 31,200 | 54,317 | 440,870 |
| MSCI ACWI Index Futures | MMW | WMWA | 1,334 | 1,795 | 51,972 |
| MSCI EM ex China Index Futures | MMC | MMLA | 257 | 909 | 7,473 |
| MSCI Brazil Index Futures | MCG | MCBA | 300 | 1,237 | 35,016 |
| Climate & ESG | |||||
| MSCI EM Climate PAI Index Futures | MVU | MVYA | 65 | 490 | 15,540 |
| MSCI World Climate Change Index Futures | WOW | WOWA | 49 | 364 | 13,839 |
| MSCI Europe Climate PAI Index Futures | MVT | MTEA | 14 | 266 | 9,990 |
| MSCI World Climate PAI Index Futures | MVR | MRPA | 112 | 357 | 15,112 |
| FANG | |||||
| Micro FANG+ Index Futures | FNG | FNSA | 1,042 | 2,531 | 18,805 |
| Single Stock Derivatives | |||||
| Futures | - | - | 34,051 | 71,612 | 120,062 |
| Options | - | - | 34,229 | 39,184 | 3,396,587 |
Monday, 3 November 2025
Products highlights
FTSE Index derivatives
UK shares navigated a volatile October, with the FTSE 100 Index up 3.9% and the FTSE 250 Index gaining 0.7%. Early weakness from tariff concerns and profit-taking in banks gave way to a rebound in financials and energy names, helping UK markets reach new highs by late month.
Domestic data painted a mixed picture. UK inflation held at 3.8 % in the 12 months to September, well above the Bank of England’s 2 % target, yet markets continued to price in additional rate cuts later this year. GDP growth was just 0.1 % as business confidence softened ahead of the Autumn Budget. Despite these headwinds, the FTSE 100 Index is still up almost 19% this year, one of its strongest runs since 2009.
- FTSE 100 Index Futures YTD Average Daily Volume (ADV) of 88.7k lots, representing £8.6 billion in notional daily volume; Open Interest (OI) at 432k lots, totalling £42.1 billion in notional value.
- FTSE 100 Index options YTD ADV of 24k lots, representing £2.35 billion in notional daily volume; OI at 1.18 million lots or £115 billion in notional value.
- FTSE 250 Index Futures YTD ADV of 2.45k lots with end of month OI of £1.2 billion or 27k lots.
MSCI Index derivatives
Global equities rose in October, with the MSCI ACWI PR USD Index up 2.2%, supported by robust Q3 earnings and signs of progress in US–China trade negotiations. US Equities posted broad-based gains, driven by strong corporate results and optimism around AI-driven growth.
Across international developed markets, returns were positive but uneven. The MSCI EAFE PR USD Index rose 1.2%, held back by a stronger US dollar and profit warnings in Europe’s tech sector. In the meantime, Japanese equities recorded their strongest monthly gain in over 30 years, boosted by tech sector strength, a weaker yen and expectations of aggressive fiscal stimulus under new Prime Minister Sanae Takaichi.
Emerging markets outperformed with the MSCI EM PR USD Index up 4.1% over the month. Chinese equities declined despite policy support, while Korea and Taiwan rallied on robust semiconductor demand, lifting the broader EM benchmark. A softer dollar and expectations of further Fed easing added to risk appetite.
The Federal Reserve cut rates by 25 bps to 3.75–4%, its second cut of 2025, reinforcing a supportive backdrop for global equities.
- MSCI EAFE Index Futures (MFSA) YTD ADV of 54.3k lots, representing $7.6 billion in notional daily volume; OI exceeding 440k lots or $62 billion in notional value.
- MSCI Emerging Markets Index Futures (MESA) YTD ADV of 144k lots, representing $10.2 billion in notional daily volume; OI exceeding 1.18 million lots or $82 billion in notional value.
- MSCI ACWI NTR Index Future (WMWA) OI exceeding 52k lots or $5.75 billion in notional value.
More about ICE MSCI Complex
Micro NYSE FANG+ Index futures
The NYSE FANG+™ Index advanced 4.7% in October, pushing its year-to-date performance to 29%.
Strong earnings across FANG stocks highlighted resilient revenue growth and robust investment in AI infrastructure, reinforcing their leadership in technology innovation.
Derivatives positioning mirrored this momentum. Micro NYSE FANG+ Futures closed the month with open interest at 18,800 lots, up 45% year-on-year, equivalent to $2.1 billion in notional value—a clear signal of deepening liquidity and growing institutional adoption. Year-to-date average daily volume stands at 2,500 lots, representing $280 million in notional daily turnover, underscoring the increasing role of listed futures in managing concentrated tech exposure.
For more details: FANG Futures