Introducing the ETD Tracker:
This month’s data on futures and options trading is accessible in two formats: a spreadsheet accessible through the link below and a set of interactive visualizations called the FIA ETD Tracker. The ETD Tracker consists of interactive visualizations on the FIA website that allow users to view data on volume and open interest, with filters based on year and month, region and jurisdiction, asset group and type of product. The ETD Tracker also includes visualizations that rank exchanges by total volume in the latest month and year to date as well as open interest in the latest month. Click here to access the ETD Tracker.
Highlights from January 2025:
Note: Moscow Exchange and its volume and open interest history has been removed from the report.
Worldwide volume of exchange-traded derivatives reached 10.19 billion contracts in January. This was down 21.8% from December 2024 and down 39.3% from January 2024.
Options growth has slowed. Global trading of options reached 7.98 billion contracts in January, down by more than 44% from last year, with most of that trading taking place in the Asia-Pacific region. Global trading of futures reached 2.22 billion contracts in January, down 3.7% from the same month last year.
Total open interest at the end of January was 1.25 billion contracts. The January total was up 1.8% from December 2024 and up 4.1% from a year ago.
Note: FMX Futures Exchange has been added to the report.
2025 January ETD Volume
| Futures | Options | Total | M/M | Y/Y | |
| Asia-Pacific | 795,661,491 | 6,252,807,422 | 7,048,468,913 | -29.7% | -49.0% |
| North America | 485,746,832 | 1,289,171,110 | 1,774,917,942 | 7.9% | 12.5% |
| Latin America | 442,397,953 | 327,320,156 | 769,718,109 | -5.4% | 2.8% |
| Europe | 278,509,124 | 96,167,195 | 374,676,319 | 20.2% | -16.9% |
| Other | 212,953,398 | 10,584,622 | 223,538,020 | -2.4% | 22.6% |
| Grand Total | 2,215,268,798 | 7,976,050,505 | 10,191,319,303 | -21.8% | -39.3% |
| M/M | -2.8% | -25.8% | -21.8% | ||
| Y/Y | -3.7% | -45.0% | -39.3% |
Asset Class
| Asset Class | January | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Agriculture | 220,585,283 | 232,022,395 | 5.2% |
| Currencies | 517,713,863 | 158,952,079 | -69.3% |
| Energy | 247,498,948 | 312,549,263 | 26.3% |
| Equity | 14,740,311,979 | 8,538,832,305 | -42.1% |
| Interest Rates | 548,706,968 | 529,952,258 | -3.4% |
| Metals | 168,298,871 | 203,219,092 | 20.7% |
| Other | 216,954,714 | 215,791,911 | -0.5% |
| Grand Total | 16,660,070,626 | 10,191,319,303 | -38.8% |
Region
| Region | January | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Asia-Pacific | 13,829,868,901 | 7,048,468,913 | -49.0% |
| Europe | 320,870,238 | 374,676,319 | 16.8% |
| Latin America | 748,924,999 | 769,718,109 | 2.8% |
| North America | 1,578,008,828 | 1,774,917,942 | 12.5% |
| Other | 182,397,660 | 223,538,020 | 22.6% |
| Grand Total | 16,660,070,626 | 10,191,319,303 | -38.8% |
