Cboe Global Markets plans to list new Cboe S&P 500 ESG Index options

Maria Nikolova

The new contracts will complement Cboe’s exclusive suite of S&P DJI Index options.

Cboe Global Markets, Inc. today announced plans to list options on the S&P 500® ESG Index. The options are set to be available from September 21, 2020, 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.

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.

Ed Tilly, Chairman, President and Chief Executive Officer at Cboe Global Markets, explains: “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.”

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