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Open Interest in ESG Futures increased after June roll

Release date: 05 Jul 2019 | Eurex Exchange, Eurex Clearing, Eurex Group

Open Interest in ESG Futures increased after June roll

June was the second expiration month for our ESG Futures, which were only introduced in February of this year.

Volume in June (137,000 contracts) was more than five times higher than May (25,000 contracts), with particularly high turnover during the roll days. Average daily volume stood at 6,800 contracts in June compared to 1,800 since launch.

Open Interest in notional terms rose to EUR 750 million as of 4 July from approx. EUR 540 million before expiration on 21 June.

In total, 23 members were active year-to-date. We observed an especially strong growth in client activity (59 percent of total turnover) reinforcing the increasing interest from the buy side to use Environmental, Social and Governance (ESG) versions of selected benchmark indexes of STOXX®. 

Vassilis Vergotis, Head of Equity & Index Strategy and Product Design at Eurex: “We are very pleased to see this growth in our ESG segment as it confirms that an increasing amount of buy-side companies are addressing the challenges and opportunities of ESG-driven asset management.”

Eurex launched three new futures covering STOXX® Europe 600 ESG Exclusions, EURO STOXX 50® Low Carbon and STOXX® Europe Climate Impact on 18 February. The Commodity Futures Trading Commission (CFTC) had approved these products in the U.S. in May.