WFE Research Team , London , World Federation of Exchanges | Apr 2017

 

On 20 April 2017, the WFE published its annual report into the global derivatives market.

Highlights of the report are as follows:

  • Derivatives volumes continued to grow in 2016 - increasing by 2.2% on 2015 - reaching a total number of 24.9 billion derivatives contracts.
  • This was made up of 9.4 billion options (38%) and 15.5 billion futures (62%) traded.
  • Growth was driven by volumes traded in the Americas (up 6.7%, and accounting for 41% of total volumes traded), with increases across stock index futures, interest rate, currency and commodity derivatives.
  • In a reversal of the trend observed in 2015, the Asia-Pacific region (36% of the total volume), saw a decline of 5.5% in volumes traded vs 2015. This was mainly due to the decrease in volumes of single stock derivatives and stock index derivatives, whilst volumes of commodity derivatives grew by 27%.
  • In the EMEA region (23% of the total), volumes rose by 7.8% on 2015, driven by stock index futures, interest rate and commodity derivatives.
  • There were volume increases in all product lines, except equity derivatives and ‘other derivatives’ such as REIT derivatives and CFDs, (declines of 11% and 1.1% respectively vs 2015).
  • Commodity derivatives volumes - the most actively traded contract type in both 2016 and 2015 - grew by 27.5%.
  • Currency derivatives also continued strong volume growth, up 10.4% on 2015.
  • Finally, interest rate derivatives were up 5.5% in 2016, a reversal of the declines seen in 2014 and 2015.

Please click here to read the IOMA derivatives report in full. Forty-seven exchanges responded to the 2016 survey, a mixture of WFE members, affiliates and other exchanges that voluntarily submit data.

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