Daily Record For Eurex ESG Futures
Two months after its launch, liquidity in Eurex’s Environmental Social Governance (ESG) segment deepens. On 17 April, 13,090 traded contracts flagged a daily record, exceeding the mark of 10,000 contracts for the first time. The new types of futures help market participants address the challenges and opportunities of ESG-driven asset management.
The future(s) of #ESG: on 17 April, we saw a daily record of 13,090 traded contracts in our ESG segment, exceeding the mark of 10,000 contracts for the first time since the launch of our #ESGDerivatives in February. https://t.co/1RKgSNn456 pic.twitter.com/bV74SOUpO3
— Eurex (@EurexGroup) April 26, 2019
Since their launch on 18 February, almost 56,000 contracts have been traded in the newly introduced segment that applies Low Carbon, Climate Impact and Exclusion criteria in existing benchmark indices. Open Interest currently amounts to nearly 33,000 contracts. Five Market Makers have been actively providing screen prices for all three contracts.
In March, Eurex received approval from the Commodity Futures Trading Commission to offer its ESG futures in the U.S. starting 8 April.
Rate of ESG evaluation and adoption in Europe is more than double that of North America.
ESG investing is moving from niche to mainstream.
UK-based exchange group has acquired Beyond Ratings.
Nearly all exchanges have some form of ESG initiative.
PRI says the launch of first Network for Greening the Financial System report is significant.