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 March 2025:
Worldwide volume of exchange-traded derivatives reached 9.27 billion contracts in March. This was up 16.7% from February 2025 but down 37.2% from March 2024.
Options growth has slowed. Global trading of options reached 6.63 billion contracts in March, down by more than 46% from last year, with most of that decline in trading taking place in the Asia-Pacific region. Global trading of futures reached 2.63 billion contracts in March, up 16.2% from the same month last year.
On a year-to-date basis, volume in the first three months year was 27.52 billion contracts, down 42.5% from the first three months of 2024. The majority of that decrease came from equity contracts.
Total options volume for the year so far was 20.38 billion contracts, down 50.8% from the previous year. Total futures volume was 7.15 billion contracts in 2025 so far, up 11.7% from 2024.
Total open interest at the end of March was 1.35 billion contracts. The March total was down 0.2% from February 2025 but up 1.1% from a year ago.
Note: Moscow Exchange and its volume and open interest history has been removed from the report.
2025 March ETD Volume
| Futures | Options | Total | M/M | Y/Y | |
| Asia-Pacific | 989,740,451 | 4,697,936,400 | 5,687,676,851 | 20.7% | -52.4% |
| North America | 593,690,800 | 1,377,392,953 | 1,971,083,753 | 7.1% | 31.9% |
| Latin America | 412,785,788 | 440,556,954 | 853,342,742 | 3.7% | 10.1% |
| Europe | 353,368,849 | 107,918,324 | 461,287,173 | 31.8% | 24.6% |
| Other | 284,319,731 | 10,238,736 | 294,558,467 | 37.5% | 58.3% |
| Grand Total | 2,633,905,619 | 6,634,043,367 | 9,267,948,986 | 16.7% | -37.2% |
| M/M | 14.6% | 17.6% | 16.7% | ||
| Y/Y | 16.2% | -46.9% | -37.2% |
Asset Class
| Asset Class | January to March | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Agriculture | 637,939,234 | 795,201,869 | 24.7% |
| Currencies | 1,408,516,654 | 466,888,553 | -66.9% |
| Energy | 655,565,693 | 856,001,368 | 30.6% |
| Equity | 42,357,107,305 | 22,219,522,579 | -47.5% |
| Interest Rates | 1,679,641,871 | 1,829,188,039 | 8.9% |
| Metals | 526,756,028 | 673,629,167 | 27.9% |
| Other | 567,741,179 | 683,883,648 | 20.5% |
| Grand Total | 47,833,267,964 | 27,524,315,223 | -42.5% |
Region
| Region | January to February | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Asia-Pacific | 39,102,406,823 | 17,446,994,374 | -55.4% |
| Europe | 1,008,792,296 | 1,186,018,468 | 17.6% |
| Latin America | 2,460,906,707 | 2,571,777,766 | 4.5% |
| North America | 4,707,979,541 | 5,587,239,844 | 18.7% |
| Other | 553,182,597 | 732,284,771 | 32.4% |
| Grand Total | 47,833,267,964 | 27,524,315,223 | -42.5% |
