Goldman Sachs executes first trade in CME’s E-mini S&P Europe 350 ESG Index futures

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CME Group has reported that Goldman Sachs has executed the first trade in the derivative exchange’s new E-mini S&P Europe 350 ESG Index futures.

The trade, completed as a block trade in the minimum block size of 50 lots, is valued at EUR4 million notional.

Based on S&P’s detailed ESG assessment methodology, the product aligns with the upcoming (Article 8) requirements of the EU’s sustainable finance disclosure regulation (SFDR), enabling investors with European equity exposure to manage risk while incorporating sustainability targets in their strategies.

“Goldman Sachs is pleased to have facilitated the first block trade in E-mini S&P Europe 350 ESG Futures,” says Antony Harden, Executive Director, Goldman Sachs. “The development of liquid derivatives is crucial for market participants as they look to manage their ESG portfolios.”

“The first trade represents an important step in the development of another one of our sustainable investment products, including the liquid E-mini S&P 500 ESG futures,” says Tim McCourt, global head of equity index and alternative products at CME Group. “As demand for sustainable investments continues to grow globally, our goal is to grow the liquidity of these products and provide participants with a wider range of risk management tools which are crucial for the development of sustainable markets.”

CME’s E-mini S&P Europe 350 ESG Index futures launched on 24 May 2021.