ICE Launches Corporate Bond Index Futures Built on MarketAxess Trade Data

In December 2024, ICE launched MSCI MarketAxess Tradable Corporate Bond Index Futures, a hedging instrument whose underlying index is constructed from actual executed corporate bond trades on MarketAxess's platform. Corporate credit has long lacked a liquid, exchange-traded hedging proxy comparable to Treasury futures. Whether futures volume materializes remains an open question; prior corporate bond index futures have struggled with adoption.