ESG Index Derivatives

Manage and hedge sustainability exposure

With the ever-increasing mandates and focus on building sustainable portfolios, global investors are increasingly looking for tools to help with their ESG integration. Derivatives on ESG benchmarks offer a listed solution to facilitate this integration.

Liquidity pool in ESG Index Derivatives

Eurex leveraged its first-mover advantage and became the leading liquidity pool for ESG Index Derivatives worldwide.

Responsible Investing

With an initial focus on easy to deploy responsible index investment approaches, Eurex offers cost-efficient and liquid sustainable index derivatives with a low tracking error close to benchmark performance.

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Traded Contracts and Open Interest in Thousands

Key Benefits

Why to trade ESG Index Derivatives

Cost efficiency – a liquid and cost-efficient derivative to manage and hedge undesired risks of sustainable portfolios.
ESG mandates – flexible solution for asset managers with strict mandates to align with ESG requirements.
Capital efficiency – ESG Index futures and options are eligible for portfolio margin offsets against other index derivatives, including dividend and volatility derivatives.
Simple, fast integration – standardized Eurex equity index contract specifications for straightforward integration into existing trading infrastructures.
Proven liquidity – liquid derivatives with incentive schemes promote on screen price support.
Related to successful benchmarks – sustainable versions of established benchmarks such as STOXX Europe 600, MSCI World and MSCI Emerging Markets.
Negative ESG screening or exclusions index methodology, reflecting investors’ most common concerns.
Reduced block trade size – facilitates off-book trade entry for institutional investors.
Generate additional alpha – with synthetic exposure to ESG equities

STOXX

Investing with European and US STOXX® ESG Index Derivatives

The global evolution in responsible investing entered a new chapter with the launch of Eurex ESG Index Derivatives on STOXX® indexes tracking sustainable strategies in February 2019.

Overview & Benefits

Eight STOXX® ESG Index futures and options covering five indices
First European ESG Index futures on highly liquid benchmark indices for Europe and the Eurozone
First ESG Index Derivative covering the U.S. market while excluding thermal coal extraction and coal-fired power plants
Sustainable Index Derivatives based on ESG-X, Low Carbon, Climate Impact and Europe ESG Leaders Select 30 Indices
ESG Index methodologies covering negative/exclusionary and norms-based screening, positive/best-in-class filtering, climate change scoring and Socially Responsible Investing (SRI) Indices
ESG-X offering - screened version of the well-established pan-European benchmarks
Unique concept for selecting companies with strong environmental stewardship and forward-looking indicators
Low tracking error - Benchmark indices with risk-return profile and reduced tracking error similar to the parent index
Leading third party ESG data provider (such as Sustainalytics and CDP)

Presentation: STOXX® Sustainable Index Derivatives

Presentation: STOXX® SRI Futures

Eurex STOXX® ESG Index Derivatives

Parent Index	STOXX® Europe Climate Impact	EURO STOXX® 50 Low Carbon	STOXX® Europe ESG Leaders Select 30	STOXX® Europe ESG Leaders Select 30	STOXX® Europe 600 ESG-X	STOXX® Europe 600 ESG-X	STOXX® Europe 600 SRI	STOXX® USA 500 ESG-X
Derivatives	FSCI	FSLC	FSLS	OSLS	OSEG	FSEG	FSRI	FSUS
BBG Product Code	FAEA <Index>	BCYA <Index>	AVSA <Index>	SEESGSEP <Index>	SXXPESGXFUEA <Index>	FUEA <Index>	CIEA <Index>	QFCA <Index>
Type	Futures	Futures	Futures	Options	Options	Futures	Futures	Futures
Coverage	Europe	Europe	Europe	Europe	Europe	Europe	Europe	USA

MSCI

Global investing with MSCI ESG Index Derivatives

With 166 listed MSCI index-based futures, 28 MSCI index-based options and an open interest of around 2.1 million contracts, Eurex is the exchange with the broadest MSCI index-linked offering tradable on one platform and the highest open interest globally. Initially launched in March 2020, 21 MSCI ESG Index Derivatives now complement Eurex’s MSCI Index Derivatives flows after the recent launch of four Futures on Socially Responsible Investing (SRI) Indices in January 2024.

Overview & Benefits

Five MSCI ESG Screened Futures: World, EM, EAFE, USA and Japan | Five MSCI Enhanced Focus Futures: World, EM, Europe, USA and Japan | Four Futures on SRI Indices: Europe, USA, World, EM
Four MSCI ESG Screened Options: World, USA, EM and EM Asia
Based on liquid global, regional and local MSCI ESG Screened & MSCI Enhanced Focus Indices
MSCI Enhanced Focus Indices are designed to maximize ESG profile while reducing carbon risk, with financial characteristics similar to Market Cap indices
MSCI SRI Indices apply a wide range of screening to ensure that index constituents are aligned with principles of Socially Responsible Investing (SRI). In addition, the indices employ a ‘best-in-class’ approach, Therefore MSCI SRI Indices improve both its index performance as well as the ESG metrics

Parent Index	MSCI World ESG Screened	MSCI Europe Screened	MSCI EMU ESG Screened	MSCI EM ESG Screened	MSCI EAFE ESG Screened	MSCI USA ESG Screened	MSCI Japan ESG Screened	MSCI EM Asia Screened
Derivatives	FMSW OMSW	FMSR	FMSO	FMSM OMSM	FMSF	FMSU OMSU	FMSJ	FMSS OMSS
BBG Product Code	HRLA	AUEA	UMEA	HRRA	HRWA	HRIA	HRYA	MUYA
Type	Futures & Options	Futures	Futures	Futures & Options	Futures	Futures & Options	Futures	Futures & Options
Coverage	Global	Europe	EMU	EM	EAFE	USA	Japan	Asia

Eurex MSCI SRI Derivatives

Parent Index	MSCI World SRI	MSCI EM SRI	MSCI Europe SRI	MSCI USA SRI
Derivatives	FMRW	FMRM	FMRE	FMRQ
BBG Product Code	CIWA Index	CIYA Index	CISA Index	CITA Index
Type	Futures	Futures	Futures	Futures
Coverage	Global	EM	Europe	USA

Eurex MSCI ESG Enhanced Focus CTB Derivatives

Parent Index	MSCI World ESG Enhanced Focus CTB	MSCI EM ESG Enhanced Focus CTB	MSCI Europe ESG Enhanced Focus CTB	MSCI USA ESG Enhanced Focus CTB	MSCI Japan ESG Enhanced Focus CTB
Derivatives	FMFW	FMFE	FMFO	FMFU	FMFJ
BBG Product Code	SJYA	SHRA	SHSA	FIFA	SHRA
Type	Futures	Futures	Futures	Futures	Futures
Coverage	Global	EM	EUR	USA	Japan

DAX® 50 ESG

DAX^® 50 ESG Index Futures & Options

Eurex has been the first exchange establishing ESG versions of major European benchmarks

The product suite offers a hedging alternative to existing benchmarks
Better performance of Derivatives on ESG Benchmarks also during the COVID19 market turbulence
Good support by Market Makers as well as off book liquidity and prices by Banks as there is an increasing interest and demand in ESG Index Products as a general investment approach
Incorporating Derivatives on ESG Benchmarks means lowering the risk
Expanding product suite to the most liquid benchmark(s) incorporating ESG

Presentation: DAX® 50 ESG Index Futures & Options

Parent Index	DAX® 50 ESG	DAX® 50 ESG	ESTX 50® ESG	ESTX 50® ESG
Derivatives	FSDX	OSDX	FSSX	OSSX
BBG Product Code	XSDA<Index>	DAXESGK Index OMON	XSSA <Index>	SX5EESG Index OMON
Type	Futures	Options	Futures	Options
Coverage	Germany	Germany	Europe	Europe

EURO STOXX 50® ESG

EURO STOXX 50^® ESG

Eurex has been the first exchange establishing ESG versions of major European benchmarks

The product suite offers a hedging alternative to existing benchmarks
Better performance of Derivatives on ESG Benchmarks also during the COVID19 market turbulence
Good support by Market Makers as well as off book liquidity and prices by Banks as there is an increasing interest and demand in ESG Index Products as a general investment approach
Incorporating Derivatives on ESG Benchmarks means lowering the risk
Expanding product suite to the most liquid benchmark(s) incorporating ESG

EURO STOXX 50® ESG INDEX

Delivering on its objectives?

Read the recent Research paper

Presentation: EURO STOXX 50® ESG Futures & Options

Parent Index	ESTX 50® ESG	ESTX 50® ESG
Derivatives	FSSX	OSSX
BBG Product Code	XSSA <Index>	SX5EESG Index OMON
Type	Futures	Options
Coverage	Europe	Europe

Liquidity Provider

Liquidity Provider (On Screen)

Company	Futures/Options	Member ID	Contact	Phone Number
DRW Investments (UK) Ltd.	Futures	DRWAM	Marcus Roberts	+44 78 2755 2411
Flow Traders B.V	Futures	NEDAM	Alex Kieft	+31 20 799 8632
Optiver VOF	Futures & Options	OPXAM	Holger Schlünzen	+31 20 708 7621
Susquehanna	Futures & Options	SISDB	F: Ronan Henderson O: Daniel Mannion	+353 1 802 8118
Société Générale	Futures	SOGFR	Vincent Martelet	+33 1 42 13 3750

Liquidity Provider (OFF Book / TES)

Company	Futures/Options	Member ID	Contact	Phone Number
Bank of America Merill Lynch	Futures & Options	MLEPA	Joel Stainton / Paul Berner	+44 20 7996 1885
BARCLAYS	Futures & Options	BBIDB BACLO	Kim Berg Equity Derivatives Sales	+33 1 44 58 3297
BNP Paribas	Futures & Options	BNAPA	Christian Stock	+49 69 7193 3117
Citi Bank	Futures	SAILO	Kyle Tonetti	+44 20 3569 3517
Danske Bank Copenhagen	Futures	DDBCO	Equity Derivatives Sales	+45 45 14 72 93
Danske Bank Helsinki	Futures	DDBCO	ETD Sales	+358 10 236 4713
Danske Bank Stockholm	Futures	DDBCO	Derivative Sales	+468 5688 0531
Deutsche Bank Frankfurt	Futures	DBKFR	Tomas Laube	+49 69 910 38503
Flow Traders B.V	Futures	NEDAM	Hidde Eise Mulder	+31 20 799 8622
Goldman Sachs	Futures & Options	GSIEB	Anna Whitlow / Antony Harden	+44 20 7774 9077
IMC Trading	Futures	INMAM	Institutional Trading	+31 20 798 8519
Optiver VOF	Futures & Options	OPXAM	Holger Schlünzen	+31 20 708 7621
Skandinaviska Enskilda Banken	Futures	ENSLO	Aloke Sarnobat	+46 8 5162 3145
Société Générale	Futures	SOGFR	Vincent Martelet	+33 1 42 13 3750
Susquehanna	Futures & Options	SISDB	F: Ronan Henderson O: Daniel Mannion	+353 1 802 8118

Product Coverage ESG Index Futures & Options

Volume & Open Interest development in our ESG Index Derivatives

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All ESG Index Derivatives at a glance

Discover our full range of ESG Index Derivatives

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Contacts

Achim Karle
Equity & Index Sales EMEA

T +49-69-211-1 87 57

achim.karle@eurex.com

Christine Heyde
Equity & Index Product Design

T +49-69-211-1 56 98

christine.heyde@eurex.com

ESG Index Derivatives

Watch now! The latest on ESG Index Derivatives - New Horizons for Liquidity, Methodology and Innovation

Traded Contracts and Open Interest in Thousands

Key Benefits

STOXX

Presentation: STOXX® Sustainable Index Derivatives

Presentation: STOXX® SRI Futures

MSCI

Presentation: MSCI ESG Screened Derivatives

Presentation: MSCI SRI Derivatives

Presentation: MSCI ESG Enhanced Focus CTB Derivatives

DAX® 50 ESG

Presentation: DAX® 50 ESG Index Futures & Options

EURO STOXX 50® ESG

EURO STOXX 50® ESG INDEX

Presentation: EURO STOXX 50® ESG Futures & Options

Liquidity Provider

Product Coverage ESG Index Futures & Options

All ESG Index Derivatives at a glance

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