WFE Research Team , London , World Federation of Exchanges | Nov 2016
Commodity derivatives volumes increased by 31.4% between January and October 2016 compared to the same period last year, exceeding 5.5 billion contracts traded year-to-date. Whilst commodity derivatives are not traded in the same volumes as exchange-traded equity derivatives (7.2 billion contracts year-to-date), commodity futures have surpassed stock options (2.7 billion contracts traded in the same period), stock index options (2.2 billion) and stock index futures (2.2 billion) in volumes traded, solidifying their position as the most traded class of exchange traded derivative contract.
Notional value of commodity exchange traded derivative contracts over time (USD trillions)
Number of commodity exchange traded derivative contracts over time (millions of contracts)
The increase in volumes was driven by a 32% increase in the Asia Pacific region (which accounts for 67% of the worldwide volume) coupled with increases in all other regions (51% in EMEA and 15% in the Americas).
The growth in the Asia Pacific region was mainly driven by the 199% growth in the Singapore Exchange, 102% growth in the Thailand Futures Exchange and 33% growth in Mainland China. The Mainland Chinese exchanges account for 93% of the traded volume of the whole region, dominated by the Dalian Commodity Exchange and the Shanghai Futures Exchange.
The Americas region is dominated by CME Group and Intercontinental Exchange (ICE Futures US and ICE Futures Canada), which account for 99% of the regional total.
Growth in the EMEA region was driven by Moscow Exchange which increased volumes of commodity traded derivatives more than three times (362.8 billion of contracts traded in January-October 2016), driven by increased volumes in Brent Oil futures. This was followed by ICE Futures Europe (331.5 billion contracts, 9.8% growth).
Top 10 exchanges by number of commodity derivatives traded on exchanges in October 2016:
|1||Dalian Commodity Exchange||Asia Pacific||84 344 592||19.6%|
|2||Shanghai Futures Exchange||Asia Pacific||84 305 771||19.6%|
|3||CME Group||Americas||83 769 142||19.4%|
|4||Zhengzhou Commodity Exchange||Asia Pacific||59 899 825||13.9%|
|5||Moscow Exchange||EMEA||44 391 570||10.3%|
|6||ICE Futures Europe||EMEA||34 437 570||8.0%|
|7||Multi Commodity Exchange of India||Asia Pacific||16 781 654||3.9%|
|8||London Metal Exchange||EMEA||13 189 408||3.1%|
|9||ICE Futures US||Americas||4 828 975||1.1%|
|10||Singapore Exchange||Asia Pacific||1 195 985||0.3%|