LONDON, April 28, 2021 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced it will launch E-mini S&P Europe 350 ESG Index
futures, a targeted risk management tool to align with
environmental, social and governance (ESG) values. Building on the
company's successful E-mini S&P 500 ESG Index futures contract,
this new product will be available for trading on May 24, pending regulatory review.
"Interest in ESG strategies continues to increase as financial
institutions incorporate sustainable investing objectives into
their trading strategies," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "Futures products can be an
important part of the solution. This latest addition to our ESG
offerings will allow market participants in this region to gain
exposure to a European index based on a robust ESG methodology -
all to meet their risk management needs."
"S&P Dow Jones Indices is proud to be a part of the CME
Group's launch of E-Mini futures based on our S&P Europe 350
ESG Index. We are excited that the ecosystem of financial products
linked to our ESG indices is growing and diversifying as more
investors incorporate sustainability targets in their strategies,"
said Reid Steadman, Global Head of
ESG at S&P Dow Jones Indices. "CME Group's E-mini S&P
Europe 350 ESG Index Futures complements the successful launch in
the U.S. in 2019 of E-Mini futures tied to our S&P 500 ESG
Index, enabling us to bring ESG principles to a broader group of
global market participants."
The S&P Europe 350 ESG Index is a broad-based, market-cap
weighted index that is designed to measure the performance of
securities meeting sustainability criteria, while maintaining
similar overall industry group weights as the S&P Europe 350.
This index incorporates S&P DJI ESG Scoring.
E-mini S&P Europe 350 ESG Index futures will be cash-settled
in EUR and will be subject to the rules and regulations of CME. For
more information visit: www.cmegroup.com/europe350esg.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
With a range of pre- and post-trade products and services
underpinning the entire lifecycle of a trade, CME Group also offers
optimization and reconciliation services through TriOptima, and
trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners. TriOptima AB is regulated
by the Swedish Financial Supervisory Authority for the reception
and transmission of orders /in relation to one or more financial
instruments. TriOptima AB is registered with the US National
Futures Association as an introducing broker.
CME-G