- Cboe S&P 500 ESG Index options are designed to help market
participants trade, hedge or gain exposure to U.S. equities meeting
sustainability criteria
- Launch of new options driven by growing global demand for
investment strategies focused on sustainability
- New options further expand Cboe's suite of S&P Dow Jones
Indices product offerings
CHICAGO, Aug. 27, 2020 /PRNewswire/ -- Cboe
Global Markets, Inc. (Cboe: CBOE), one of the world's largest
exchange holding companies, today announced plans to list options
on the S&P 500® ESG Index (Cboe: SPESG) beginning September 21, 2020, further expanding Cboe's
suite of products tied to S&P Dow Jones Indices (S&P DJI),
pending regulatory review.
Cboe S&P 500 ESG Index options provide representation of
companies meeting S&P DJI's environmental, social and
governance (ESG) factors, while offering investors a risk-return
profile similar to that of the S&P 500® Index. The new options
are expected to have particular utility for market participants
seeking an efficient way to gain exposure to or hedge the U.S.
equity market that meets sustainability criteria.
The S&P 500® ESG Index is a broad-based, market
cap-weighted index that measures the performance of securities
meeting sustainability criteria, while maintaining similar overall
industry group weights as the S&P 500® Index. The S&P
500® ESG Index aims to align investment objectives with ESG values,
moving ESG from the fringe of market participants' portfolios to
the core.
"Many market participants across the globe are increasingly
pursuing a sustainable investing agenda that aligns with their own
environmental, social and governance preferences," said
Ed Tilly, Chairman, President and
Chief Executive Officer at Cboe Global Markets. "The new Cboe
S&P 500 ESG Index options are designed to respond to this
growing demand from the marketplace by offering an additional tool
that can provide global participants of all sizes with ESG
representation within their portfolios, while enabling them to
efficiently trade and manage their risk preferences."
"We are excited that Cboe is launching options based on the
S&P 500® ESG Index. This latest development evolves the growing
ecosystem of investable products tracking this leading ESG
benchmark. Together, these products make sustainable investing
possible and efficient for a wider range of market participants
globally," said Reid Steadman,
Global Head of ESG Indices at S&P Dow Jones Indices.
The new contracts will complement Cboe's exclusive suite of
S&P DJI Index options, which include S&P 500® Index
(SPX) options, in standard and mini, one-tenth contract size (XSP),
with A.M. and P.M. settled weekly and monthly expiring contracts,
and options on S&P Select Sector Indices with monthly expiring
contracts. Cboe S&P 500 ESG Index options also offer market
participants the benefits of cash settlement and European-style
exercise. Investors can also customize the key contract
specifications with FLEX® options. The index
and settlement values are available over the Cboe Streaming Market
Indices (CSMI) feed. CSMI subscription and license requests may be
sent to indexdata@cboe.com. For additional information, visit
www.cboe.com/ESG.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) is one of the world's largest
exchange holding companies, offering cutting-edge trading and
investment solutions to investors around the world. The company is
committed to defining markets to benefit its participants and drive
the global marketplace forward through product innovation, leading
edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S., Canadian and European equities, exchange-traded products
(ETPs), global foreign exchange (FX) and volatility products based
on the Cboe Volatility Index (VIX Index), recognized as the world's
premier gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe and is a leading market
globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
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Tim
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Debbie
Koopman
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+1-646-856-8734
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+44 (0)
7593-506-719
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+1-312-786-7136
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atu@cboe.com
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tcave@cboe.com
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dkoopman@cboe.com
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CBOE-OE
CBOE-O
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Investors should undertake their own due diligence regarding their
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