ICE Plans to Launch Four MSCI Climate Paris Aligned Index Futures Contracts
09 November 2021 - 12:30AM
Business Wire
Intercontinental Exchange (NYSE:ICE), a leading global provider
of data, technology, and market infrastructure, today announced the
planned launch of four new index futures contracts based on the
MSCI Climate Paris Aligned Indices. Subject to regulatory approval,
the contracts are expected to launch in January 2022 on ICE Futures
U.S.
The new U.S. dollar-denominated futures contracts are designed
to help investors align with a net-zero world by using a variety of
proprietary, key climate metrics and models, including climate
value-at-risk, low carbon transition score and companies’ carbon
emission reduction targets. The indices covered will be the MSCI
World Climate Paris Aligned Index, MSCI USA Climate Paris Aligned
Index, MSCI Europe Climate Paris Aligned Index and MSCI Emerging
Market Climate Paris Aligned Index.
“The Paris aligned goals are a fundamental part of the
environmental, social and governance (ESG) landscape,” said Joel
Stainton, EMEA Head of Execution, Futures and Options and OTC
Clearing at Bank of America. “We are committed to identifying,
developing and supporting ESG solutions for clients, so it is a
positive step to see ICE launch these futures.”
“We welcome the timely introduction of futures on Climate Paris
Aligned Indices as investors consider how to implement net-zero
strategies into their portfolios,” said Antony Harden, Equity
Derivatives Sales at Goldman Sachs.
“ICE offers customers access to the largest and most liquid
environmental markets in the world to price climate risk and, as
the leading venue for MSCI index futures, this new set of
innovative contracts will help market participants align their
portfolios with the goals of the Paris Agreement,” said Caterina
Caramaschi, Global Head of Equity Derivatives at ICE. “Through
these contracts, investors will be able to leverage MSCI’s leading
index methodology and ICE’s established index futures ecosystem to
hedge their climate related risks.”
“We’re excited to partner with ICE, a leader in bringing
climate-focused derivatives products to the market,” said George
Harrington, Global Head of Derivatives Licensing at MSCI. “At MSCI,
we are committed to helping provide investors with the tools needed
to align their portfolios with a low-carbon future, and this launch
marks another step towards that mission.”
To learn more about MSCI Index Futures, please visit:
https://www.theice.com/equity-index/msci.
MSCI® and the MSCI indexes are trademarks and service marks of
MSCI Inc. or its affiliates and are used under license.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20211108005656/en/
ICE Media Contact: Rebecca Mitchell
Rebecca.Mitchell@ice.com +44 7951 057 351
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
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