Traders: Here's how to trade the MSCI decision

The "Fast Money" traders debated their strategies of how to play upcoming events, after major stock index firm MSCI once again delayed the inclusion of mainland-listed Chinese A shares in its emerging market index, citing concerns about market accessibility.

Trader Tim Seymour said he doesn't think the decision is a "nightmare." He had told CNBC's " Power Lunch " earlier on Tuesday that A shares did not rally going into the MSCI's announcement.

"Just to be clear, at a time when all we need now is for the Chinese market to implode, I don't think that this is a driver for that," Seymour said.

Trader Dan Nathan said he was excited when U.S.-listed shares of Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) were added to the emerging markets ETF. He explained that the ETF is a great way to trade those types of names without the "idiosyncratic risk." For this reason, Nathan said he also likes the iShares China Large-Cap ETF (NYSE Arca: FXI).

Trader David Seaburg said he likes Bank of America (NYSE: BAC) at current levels ahead of upcoming events.

On Wednesday, the U.S. Federal Open Market Committee will share its forecasts for interest rates. Next week, Britain is to vote on a referendum on whether or not it should leave the European Union.

Seaburg also said he thinks the KBW Bank Index (NASDAQ: .BKX) "is at the point where it's been completely oversold."

Disclosures:

Karen Finerman

Karen is long BAC, C, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, KORS, KORS puts, WIFI long call spreads, M, MA, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI. Her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.

Dan Nathan

Long PFE Long TWTR, XHB long June put spread IWM long Sept 100 put XLB long June put spread XLF long Sept Put spread HYG long June put spread XLK long Sept Put spread FXI long Aug put spread SMH long Aug put spread, KO June/Aug put calendar, long UA call calendar, long PYPL call calendar, long TLT Sept risk reversal, XLV July calls, MSFT June/July put spread, long C Sept puts, BABA June/Aug put spread

David Seaburg

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. (From his assistant: Virgin: Not approved. Editas: Dave has a financial interest in the company. Cowen or its affiliates also have a financial interest.)

Tim Seymour

Tim Seymour is long AVP, BAC, BBRY, CLF, DO, EDC, EWZ, F, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. Tim's firm is long ABX, BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM, WYNN, XRT

More From CNBC

• Top News and Analysis
  

• Latest News Video
  

• Personal Finance