CME Group to Launch E-mini S&P Europe 350 ESG Index Futures

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Apr 28, 2021, 04:00 ET

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.

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SOURCE CME Group