CHICAGO, Oct. 3, 2019 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced it will launch E-mini S&P 500 ESG Index futures, a
new risk management tool that aligns with environmental, social and
governance (ESG) values. The new futures contracts will be
available for trading on Nov. 18,
2019, pending regulatory review.
"A growing number of institutional investors and asset managers
have incorporated sustainable investing objectives into their
strategies," said Tim McCourt, CME
Group Global Head of Equity Index and Alternative Investment
Products. "Our new futures contracts will allow market participants
to gain price exposure to an index that closely tracks the
performance of the S&P 500, while adhering to ESG principles.
This is another example of how CME Group is not only meeting the
changing risk management needs of our customers in an evolving
global marketplace, but also offering choices that allow for the
alignment of investment decisions with personal or institutional
values."
"We're pleased that CME Group has developed E-mini S&P 500
ESG Index futures linked to our S&P 500 ESG Index. Investors
are no longer simply viewing ESG indices and benchmarks as niche
market tools, but are increasingly integrating ESG metrics to
manage their core portfolios. We believe demand for innovative ESG
index-based products, especially in the U.S. and Europe, will continue to grow and become more
mainstream as market participants seek to better align their
sustainability and investment goals," said Reid Steadman, Global Head of ESG Indices at
S&P Dow Jones Indices.
The S&P 500 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
500.
These new contracts will complement CME Group's suite of equity
index futures and options contracts, including its existing E-mini
S&P 500 futures and options and Micro E-mini S&P 500
futures.
E-mini S&P 500 ESG Index futures will be cash-settled and
will be subject to the rules and regulations of CME. For more
information visit cmegroup.com/esgfutures.
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.
CME-G
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SOURCE CME Group