Forex Trading

Global Derivatives Market Surges 64%, India Leads the Charge


FIA has released a report on the futures and options traded on exchanges globally in 2023, highlighting a surge in overall derivatives trading. The volume of futures and options reached an
unprecedented 137.3 billion contracts, marking an increase of 64% and the sixth
consecutive year of record-setting activity in the listed derivatives.

Amid this global upswing, India emerged as a
major contributor, posting an extraordinary surge of 153% in equity
index options trading. The Asia-Pacific region experienced a staggering jump of 104% in trading volume, reaching 103.5 billion contracts.

North America, the second-largest region by trading
volume, witnessed an uptick of 6.2%, with 17.9 billion futures and options
contracts traded. The region also dominated open interest, accounting for 52%
of the total worldwide.

Latin America maintained a consistent trading volume
of 8.6 billion contracts, showing resilience amid global fluctuations.
European volume rose marginally by 2.6% to 4.9 billion contracts, while the
Middle East and Africa experienced a notable decline of 20% in trading volume.

Equity-related derivatives took center stage,
contributing significantly to the overall upturn. Futures and options based on
equity indices soared by 105%, reaching 99.9 billion contracts in 2023.

Currency and Interest Rates Futures

Currency futures and options, the second-largest
asset class, dropped 8% to 7.1 billion contracts, primarily due to a
substantial decline in currency futures trading. However, interest rate futures and options experienced a boost of 18%, totaling 6.1 billion contracts. Commodities, including agricultural
and energy, recorded double-digit increases in trading volume.

North America led in open interest, boasting 648
million contracts as of the end of last year. This represents an increase of 6.8% from
2022 and accounts for 52% of global open interest. The National Stock Exchange of India claimed the top
spot in total volume and growth rate, reporting an impressive increase of 123%,
with a total trading volume of 84.8 billion contracts.

The Options Clearing Corporation retained its
position as the world’s largest clearinghouse , reporting 482.8 million
contracts in open interest, more than double any other derivatives
clearinghouse.

FIA has released a report on the futures and options traded on exchanges globally in 2023, highlighting a surge in overall derivatives trading. The volume of futures and options reached an
unprecedented 137.3 billion contracts, marking an increase of 64% and the sixth
consecutive year of record-setting activity in the listed derivatives.

Amid this global upswing, India emerged as a
major contributor, posting an extraordinary surge of 153% in equity
index options trading. The Asia-Pacific region experienced a staggering jump of 104% in trading volume, reaching 103.5 billion contracts.

North America, the second-largest region by trading
volume, witnessed an uptick of 6.2%, with 17.9 billion futures and options
contracts traded. The region also dominated open interest, accounting for 52%
of the total worldwide.

Latin America maintained a consistent trading volume
of 8.6 billion contracts, showing resilience amid global fluctuations.
European volume rose marginally by 2.6% to 4.9 billion contracts, while the
Middle East and Africa experienced a notable decline of 20% in trading volume.

Equity-related derivatives took center stage,
contributing significantly to the overall upturn. Futures and options based on
equity indices soared by 105%, reaching 99.9 billion contracts in 2023.

Currency and Interest Rates Futures

Currency futures and options, the second-largest
asset class, dropped 8% to 7.1 billion contracts, primarily due to a
substantial decline in currency futures trading. However, interest rate futures and options experienced a boost of 18%, totaling 6.1 billion contracts. Commodities, including agricultural
and energy, recorded double-digit increases in trading volume.

North America led in open interest, boasting 648
million contracts as of the end of last year. This represents an increase of 6.8% from
2022 and accounts for 52% of global open interest. The National Stock Exchange of India claimed the top
spot in total volume and growth rate, reporting an impressive increase of 123%,
with a total trading volume of 84.8 billion contracts.

The Options Clearing Corporation retained its
position as the world’s largest clearinghouse , reporting 482.8 million
contracts in open interest, more than double any other derivatives
clearinghouse.



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