On Monday, the FIA released its annual report on global trends for futures and options trading. Statistics from 84 exchanges worldwide disclosed that 21.64 billion futures and options contracts traded in 2013, a 2.1% rise from the previous year, but still below numbers traded in 2011 and 2010.
?
For futures trading, its 12.22 billion contracts represented just over 56% of total industry volume while options trading accounted for the other 44%. When broken down by category, equity indices and individual stocks contracts accounted for 11.77 billion (54% of total volume). Interest rate futures and options represented 3.33 billion (15% of total volume).
?
Additional information included North America and Asia-Pacific trends, which moved in opposite directions. North America exchanges reported 7.9 billion contracts traded in 2013, up 9.9% from the previous year while Asia-Pacific exchanges saw 7.29 billion contracts traded, down 3.1% from the previous year.
?
In looking at the exchanges, CME Group again held its top ranking as the world’s largest derivatives exchange by volume, with its 3.16 billion contracts traded in 2013, up 9.2% from the previous year. Coming in second thanks to its NYSE Euronext acquisition, was the IntercontinentalExchange and its subsidiary exchanges in Europe and the U.S. On a combined basis, ICE’s volume reached 2.81 billion futures and options, up 14.7% from the previous year.
?
Other nuggets from the study included the following:
- Regionally,North America led the way with its 9.9% volume increase driven mainly by rising interest rate futures?and options trading at CME Group and the ?futurization? of energy?swaps at IntercontinentalExchange. North American exchanges account for 36.7% of the global?exchange-traded derivatives market.
- Asian, European and Latin American volumes were all down on the previous year.
- For asset class,?the interest rate, energy and metals sectors all underwent double digit increases in volume as compared to the previous year.
- The equity index sector declined?by 11.2%, primarily due to a large fall in Kospi?200 index options trading. In 2012, more than 1.58 billion Kospi options?changed hands at the Korea Exchange, more than any other listed?derivatives contract in the world; however, in 2013, only 580.46 million?Kospi options traded, a decline of roughly two-thirds.
- Silver futures gained in popularity at the Shanghai Futures?Exchange, as more than 173 million contracts traded in 2013.
- Currency futures also increased its trading at the Moscow Exchange,?the United Stock Exchange of India, and several other exchanges. ?
- China?s Zhengzhou Commodity Exchange successfully introduced thermal coal futures.