Global futures and options data, based on the number of ontracts traded and/or cleared at 80 exchanges worldwide, from Jan. 1 to March 31, 2018.
For more information, contact Will Acworth at wacworth@fia.org.
Total Q1 2018 volume
| Asset Class | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Futures | 4,059,219,446 | 3,520,695,700 | 15.3% |
| Options | 3,307,367,833 | 2,449,340,995 | 35.0% |
| Total | 7,366,587,279 | 5,970,036,695 | 23.4% |
Global futures and options volume by region
| Region | Q1 2018 Vol | Q1 2017 Vol | % Change |
| North America | 2,877,529,940 | 2,247,511,356 | 28.0% |
| Asia-Pacific | 2,422,009,039 | 1,889,372,606 | 28.2% |
| Europe | 1,303,465,102 | 1,266,817,197 | 2.9% |
| Latin America | 639,040,810 | 452,818,223 | 41.1% |
| Other | 124,542,388 | 113,517,313 | 9.7% |
| Total | 7,366,587,279 | 5,970,036,695 | 23.4% |
Global futures and options volume by category
| Category | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Equity Index | 2,518,652,042 | 1,738,792,681 | 44.9% |
| Individual Equity | 1,401,622,185 | 1,108,544,455 | 26.4% |
| Interest Rates | 1,256,636,861 | 1,064,194,526 | 18.1% |
| Currency | 822,654,986 | 691,463,108 | 19.0% |
| Energy | 528,295,439 | 505,736,968 | 4.5% |
| Non-Precious Metals | 363,050,037 | 322,661,106 | 12.5% |
| Agriculture | 309,144,224 | 354,167,121 | -12.7% |
| Other | 92,149,945 | 116,811,347 | -21.1% |
| Precious Metals | 74,381,560 | 67,665,383 | 9.9% |
| Total | 7,366,587,279 | 5,970,036,695 | 23.4% |
OTC volume
| Asset Class | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Interest Rate | 193,714.43 | 162,718.86 | 19.0% |
| Credit | 5,491.09 | 3,257.45 | 68.6% |
| FX | 2,143.09 | 1,217.35 | 76.0% |
SEF trading
| Asset Class | March 2018 | March 2017 | % Change |
| Interest Rate | 705.38 | 665.20 | 6.0% |
| Credit | 61.91 | 44.69 | 38.5% |
| FX | 61.33 | 42.37 | 44.8% |
Top 20 exchanges
| Exchange | Q1 2018 Vol | Q1 2017 Vol | % Change |
| CME Group | 1,354,443,559 | 1,059,822,056 | 27.8% |
| National Stock Exchange of India | 762,092,301 | 548,583,529 | 38.9% |
| Intercontinental Exchange | 617,021,663 | 532,797,424 | 15.8% |
| B3 | 594,920,683 | 420,765,226 | 41.4% |
| CBOE Holdings | 577,098,901 | 440,639,046 | 31.0% |
| Nasdaq | 508,012,004 | 422,863,907 | 20.1% |
| Eurex | 504,260,548 | 446,142,619 | 13.0% |
| Moscow Exchange | 354,111,157 | 391,896,366 | -9.6% |
| Korea Exchange 2 | 334,407,227 | 170,055,965 | 96.6% |
| Shanghai Futures Exchange | 248,727,563 | 268,306,013 | -7.3% |
| Dalian Commodity Exchange | 228,050,158 | 261,050,525 | -12.6% |
| BSE | 203,523,642 | 110,628,285 | 84.0% |
| Zhengzhou Commodity Exchange | 131,525,311 | 144,392,639 | -8.9% |
| Hong Kong Exchanges and Clearing | 127,701,022 | 85,979,423 | 48.5% |
| Japan Exchange | 109,993,932 | 78,805,476 | 39.6% |
| Miami International Holdings 1 | 96,528,571 | 57,385,559 | 68.2% |
| Taiwan Futures Exchange | 77,990,836 | 51,919,818 | 50.2% |
| ASX | 63,412,879 | 60,736,181 | 4.4% |
| JSE Securities Exchange | 60,303,108 | 58,605,148 | 2.9% |
| Multi Commodity Exchange of India | 54,511,559 | 47,166,357 | 15.6% |
Top contracts - rates
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Eurodollar Futures, Chicago Mercantile Exchange | 247,674,659 | 192,623,431 | 28.6% |
| 10 Year Treasury Note Futures, Chicago Board of Trade | 118,331,727 | 96,780,480 | 22.3% |
| One Day Inter-Bank Deposit Futures, B3 | 87,753,098 | 80,979,094 | 8.4% |
| 5 Year Treasury Note Futures, Chicago Board of Trade | 73,665,683 | 60,124,330 | 22.5% |
| Eurodollar - Mid-Curve Options, Chicago Mercantile Exchange | 61,397,236 | 52,006,380 | 18.1% |
| Eurodollar Options, Chicago Mercantile Exchange | 59,887,233 | 47,855,482 | 25.1% |
| 3 Month Euribor Futures, ICE Futures Europe | 58,566,124 | 61,094,517 | -4.1% |
| 3 Month Sterling Futures, ICE Futures Europe | 57,065,552 | 46,755,348 | 22.1% |
| Euro-Bund Futures, Eurex | 51,337,352 | 55,932,303 | -8.2% |
| 10 Year Treasury Note Options, Chicago Board of Trade | 43,809,546 | 31,612,040 | 38.6% |
Top contracts - foreign exchange
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| US Dollar/Russian Ruble Futures, Moscow Exchange | 112,742,853 | 165,450,209 | -31.9% |
| US Dollar/Indian Rupee Futures, BSE | 99,747,737 | 58,286,256 | 71.1% |
| US Dollar/Indian Rupee Options, BSE | 98,472,658 | 49,968,214 | 97.1% |
| US Dollar/Indian Rupee Futures, National Stock Exchange of India | 96,883,708 | 72,069,511 | 34.4% |
| US Dollar/Indian Rupee Options, National Stock Exchange of India | 92,825,891 | 90,043,262 | 3.1% |
| Mini US Dollar Futures, B3 | 48,154,467 | 27,944,580 | 72.3% |
| US Dollar Futures, Rosario Futures Exchange | 41,248,213 | 28,216,470 | 46.2% |
| US Dollar Futures, B3 | 21,751,220 | 16,845,280 | 29.1% |
| Turkish Lira/US Dollar Futures, Borsa Istanbul | 17,825,695 | 19,533,320 | -8.7% |
| US Dollar Futures, Korea Exchange | 17,553,770 | 15,896,921 | 10.4% |
Top contracts - equity indices
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Bank Nifty Index Options, National Stock Exchange of India | 257,002,375 | 163,323,140 | 57.4% |
| SPDR S&P 500 ETF Options * | 253,316,013 | 168,566,698 | 50.3% |
| CNX Nifty Index Options, National Stock Exchange of India | 187,153,945 | 128,520,813 | 45.6% |
| Kospi 200 Options, Korea Exchange * | 183,713,628 | 81,242,783 | 126.1% |
| Bovespa Mini Index Futures, B3 | 139,255,373 | 53,066,169 | 162.4% |
| E-mini S&P 500 Futures, Chicago Mercantile Exchange | 119,549,461 | 98,781,888 | 21.0% |
| S&P 500 Index (SPX) Options, Chicago Board Options Exchange | 99,761,601 | 72,964,152 | 36.7% |
| Euro Stoxx 50 Index Futures, Eurex | 85,728,406 | 75,443,932 | 13.6% |
| Euro Stoxx 50 Index Options, Eurex | 81,308,826 | 67,248,341 | 20.9% |
| Nikkei 225 Mini Futures, Japan Exchange | 77,382,492 | 55,625,293 | 39.1% |
Top contracts - cnergy
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Brent Oil Futures, Moscow Exchange | 99,084,517 | 89,707,676 | 10.5% |
| WTI Light Sweet Crude Oil (CL) Futures, New York Mercantile Exchange | 80,291,006 | 69,374,562 | 15.7% |
| Brent Crude Oil Futures, ICE Futures Europe | 58,064,015 | 58,048,161 | 0.0% |
| Henry Hub Natural Gas (NG) Futures, New York Mercantile Exchange | 29,930,257 | 26,631,948 | 12.4% |
| Crude Oil Mini Futures, Multi Commodity Exchange of India | 15,133,306 | 12,625,577 | 19.9% |
| WTI Light Sweet Crude Oil Futures, ICE Futures Europe | 14,756,097 | 13,876,102 | 6.3% |
| Bitumen Futures, Shanghai Futures Exchange | 13,058,659 | 29,813,924 | -56.2% |
| RBOB Gasoline Physical (RB) Futures, New York Mercantile Exchange | 12,098,436 | 12,562,491 | -3.7% |
| NY Harbor ULSD (HO) Futures, New York Mercantile Exchange | 12,084,630 | 10,152,651 | 19.0% |
| Hard Coking Coal Futures, Dalian Commodity Exchange | 11,343,588 | 3,611,482 | 214.1% |
Top contracts - metals
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Steel Rebar Futures, Shanghai Futures Exchange | 111,008,634 | 123,323,902 | -10.0% |
| Iron Ore Futures, Dalian Commodity Exchange | 70,061,693 | 52,743,248 | 32.8% |
| Nickel Futures, Shanghai Futures Exchange | 30,897,581 | 14,693,892 | 110.3% |
| Gold (GC) Futures, Commodity Exchange (COMEX) | 23,276,524 | 16,490,614 | 41.2% |
| Hot Rolled Coil Futures, Shanghai Futures Exchange | 18,984,960 | 11,067,076 | 71.5% |
| Zinc Futures, Shanghai Futures Exchange | 16,816,281 | 21,765,075 | -22.7% |
| Aluminium Futures, London Metal Exchange | 15,705,045 | 13,731,110 | 14.4% |
| Aluminum Futures, Shanghai Futures Exchange | 13,395,453 | 13,588,983 | -1.4% |
| Copper Futures, Shanghai Futures Exchange | 12,821,195 | 13,211,769 | -3.0% |
| Silver Futures, Shanghai Futures Exchange | 11,393,772 | 14,312,351 | -20.4% |
Top contracts - agriculture
| Contract | Q1 2018 Vol | Q1 2017 Vol | % Change |
| Soybean Meal Futures, Dalian Commodity Exchange | 44,379,802 | 45,840,133 | -3.2% |
| Corn Futures, Chicago Board of Trade | 26,047,955 | 20,292,241 | 28.4% |
| Rapeseed Meal (RM) Futures, Zhengzhou Cmdty Exchange | 18,798,740 | 21,332,704 | -11.9% |
| Corn Futures, Dalian Commodity Exchange | 17,204,591 | 57,572,828 | -70.1% |
| Soybean Futures, Chicago Board of Trade | 15,982,628 | 12,794,788 | 24.9% |
| Rubber Futures, Shanghai Futures Exchange | 13,907,692 | 17,823,725 | -22.0% |
| Apple (AP) Futures, Zhengzhou Commodity Exchange* | 12,832,472 | n/a | n/a |
| Soybean Oil Futures, Dalian Commodity Exchange | 11,707,279 | 14,635,815 | -20.0% |
| RBD Palm Olein Futures, Dalian Commodity Exchange | 10,619,786 | 19,277,347 | -44.9% |
| Sugar #11 Futures, ICE Futures U.S. | 9,744,397 | 8,537,017 | 14.1% |
Notes and sources on data
SPDR S&P 500 ETF Options are traded on multiple U.S. options exchanges.
In March 2017, the Korea Exchange changed the size of the Kospi 200 index options and futures from 500,000 won to 250,000 won.
Apple (AP) futures on the Zhengzhou Commodity Exchange began trading in December 2017.
GLOBAL FUTURES AND OPTIONS
Other includes contracts such as weather, plastics and freight.
TOP 20 EXCHANGES
Ranked by consolidated volume at parent company level.
OTC CLEARING
- IRS reported volume includes the following exchanges: ASX, CME, Eurex, HKEX, JSCC, LCH SwapClear, Nasdaq OMX and SGX
- CDS reported volume includes the following exchanges: CME, ICE Clear Credit, ICE Clear Europe, JSCC and LCH Clearnet
- FX reported volume includes CME, HKEX, LCH ForexClear and SGX
SEF TRADING
Interest Rate SEFs include: BGC, Bloomberg, GFI, LatAm, NEX, TP ICAP, Tradeweb, Tradition and trueEx
Interest rate volume includes both Non-FRA and FRA
- Credit SEFs include: BGC, Bloomberg, GFI, ICAP, ICE, MarketAxess, TP ICAP, Tradeweb and Tradition
- FX SEFs include: 360T, BGC, Bloomberg, CBOE FX, GFI, LatAm, NEX, SwapEx, Thomson Reuters, TP ICAP and Tradition
- FX volume includes Options, Forwards, Non- Deliverable Forwards, Non-Deliverable Swaps, and Other
The data in this report were collected from exchanges, clearinghouses and swap execution facilities. The data are subject to revision by the exchanges and may contain errors or omissions. Volume for exchange-traded futures and options is measured by the number of contracts traded on a round-trip basis to avoid double-counting. Open interest for exchangetraded futures and options is measured by the number of contracts outstanding at the end of each month.contracts outstanding at the end of each month. ©FIA. Data downloaded from the MarketVoice website may not be published or redistributed without attribution to FIA.
For more information, contact Will Acworth at wacworth@fia.org.
