At the forefront of ESG Index Derivatives
Equity Index

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.


Catch up on the latest regulatory developments

Changes to DAX, STOXX & MSCI indices impacted by the ESMA Guidelines on funds' names.

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)


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 Index Futures: World, EM, EAFE, USA and Japan | Five MSCI Enhanced Focus Index Futures: World, EM, Europe, USA and Japan | Four Futures on SRI Indices: Europe, USA, World, EM
  • Four MSCI ESG Screened Index 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

Eurex MSCI ESG Screened Index Derivatives

Parent Index

MSCI World ESG Screened

MSCI Europe Screened

MSCI EMU ESG Screened

MSCI EM ESG Screened

MSCI EAFE ESG ScreenedMSCI 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 Index 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 Index 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



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



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)

CompanyFutures/OptionsMember IDContactPhone 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)

CompanyFutures/OptionsMember IDContactPhone 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

All ESG Index Derivatives at a glance

Discover our full range of ESG Index Derivatives

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