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近期ESG期权交易量突破了纪录
瑞典银行(Swedbank Robur)再一次做到了!
斯堪的纳维亚半岛最大的资产管理公司之一,瑞典银行拥有涵盖所有主要地区,行业和资产类别的投资基金。 1250亿欧元中的400亿欧元已经配置在与ESG相关的(环境,社会和治理)基金中,并且这一比例正在迅速增加。
在当前的展期交易中,Robur与Barclays进行了产品间转换,由STOXX Europe 600转移到了STOXX Europe 600 ESG-X指数,该指数在STOXX Europe 600指数基础上进行了ESG筛选。
STOXX Europe 600ESG-X股指衍生产品已成为欧交所最成功且具有流动性的ESG衍生产品之一。并推出了以该指数为标的的全球首个ESG期权,最近交易了看涨期权。名义交易额为5.4亿欧元,是迄今为止最大的一笔交易。截至周一,STOXX Europe 600 ESG-X衍生品的未平仓头寸超过12亿欧元。基于ESG排除法的ESG-X指数和衍生品,具有相似的市场表现,且追踪误差较低。
瑞典银行衍生品高级交易员Magnus Linder表示:“我们一直在不断努力整合可持续发展问题以及以ESG视角贯穿我们整个业务,为此我们已经做了多年工作。 ESG衍生产品为我们提供了另一金融工具,使我们能够了解,减缓和应对不必要的可持续发展风险,并创建超额回报(alpha)。”
“追溯到2019年,需要让卖方相信去交易和定价ESG衍生产品。但现在对ESG金融工具(尤其是ESG期权)的兴趣已经非常强烈了。在交易之前,我们与巴克莱银行进行了性能分析,将市场基准指数与ESG指数进行了比较。显然,在大多数情况下,ESG的回报较高且波动率较低。因此,我们决定在隐含波动率较高时卖出基准指数的看跌期权,并在隐含波动率较低时买入ESG指数的看涨期权,从而有利于整个仓位。巴克莱( Barclays)服务台为这笔相当大的交易定价,支持了该交易,并提供了ESG期权以前无法预见的流动性。” Linder补充说。
巴克莱北欧股票衍生品销售部的Kim Berg表示:“我们注意到北欧客户,特别是瑞典银行是所ESG上市领域的早期采用者和领导者。即使是在该地区以外的地区,主要来自欧洲大陆以及英国,今年对ESG产品的兴趣也大大提高了。通过此次交易,我们希望为投资者提供对ESG期权当前流动性状况的信心–如果可以的话,我们希望从这里崛起。”
“这项交易证明了巴克莱银行是如何预测我们的客户将转向ESG产品。我们已在基础架构上进行了大量投资,以在整个产品套件中提供与ESG相关的解决方案,包括Flow产品,Exotics,Delta-1和QIS策略。” EMEA股票流动衍生产品销售主管Andreas Konomis补充道。
执行该交易的欧洲主管Yohann Freoa表示:“从交易的角度来看,我们的观点是,流动性将为这一系列产品带来额外的流动性,通过这项交易,我们希望可以展现出大规模交易这些指数的可能的,”。
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