1. Annual Trends in Futures and Options Trading
Presenter: Will Acworth, Senior Vice President, FIA
Feb. 6, 2019

2. Trading Volume Hits a Record
In billions of contracts traded annually.
Based on number of contracts traded and/or cleared on exchanges.
© 2018 FIA. 2

3. Strong Growth in Most Regions
In billions of contracts traded annually.
Based on number of contracts traded and/or cleared on exchanges.
Other consists of exchanges in Greece, Israel, South Africa and Turkey

4. Large Gains in Equity Categories
In billions of contracts traded annually.
Based on number of contracts traded and/or cleared on exchanges.

5. Top 15 Equity Index Futures and Options
2017
2018
Change 1
Bank Nifty Index Options, National Stock Exchange of India
800,401,601
1,587,426,222
98.3% 2
SPDR S&P 500 ETF Options *
634,508,023
834,994,877
31.6% 3
Bovespa Mini Index Futures, B3
290,827,570
706,224,217
142.8% 4
Kospi 200 Options, Korea Exchange
540,103,609
657,832,873
21.8% 5
CNX Nifty Index Options, National Stock Exchange of India
562,315,794
622,118,790
10.6% 6
E-mini S&P 500 Futures, Chicago Mercantile Exchange
365,601,616
445,199,191 7
S&P 500 Index Options, Chicago Board Options Exchange
292,029,953
371,345,596
27.2% 8
Euro Stoxx 50 Index Futures, Eurex
282,107,311
318,635,725
12.9% 9
Euro Stoxx 50 Index Options, Eurex
263,152,091
273,634,066
4.0% 10
Nikkei 225 Mini Futures, Japan Exchange
219,518,050
273,327,463
24.5% 11
Powershares QQQ ETF Options *
160,178,790
249,302,751
55.6% 12
Taiex Options, Taiwan Futures Exchange
186,410,859
194,438,947
4.3% 13
Volatility Index Options, Chicago Board Options Exchange
181,311,346
167,470,555
-7.6% 14
E-mini Nasdaq 100 Futures, Chicago Mercantile Exchange
69,559,095
124,195,504
78.5% 15
RTS Index Futures, Moscow Exchange
134,467,991
118,174,805
-12.1%
* Traded on multiple U.S. options exchanges

6. The S&P 500 Complex
In millions of contracts traded annually. SPX is the S&P 500 index options listed on CBOE; SPY is the SPDR ETF option traded on multiple exchanges; ES and ES Options are the E-mini S&P 500 futures and options traded on CME.

7. Top 15 Interest Rate Futures and Options
2017
2018
Change 1
Eurodollar Futures, Chicago Mercantile Exchange
639,847,185
765,208,581
19.6% 2
10 Year Treasury Note Futures, Chicago Board of Trade
375,338,442
457,719,304
21.9% 3
One Day Inter-Bank Deposit Futures, B3
354,386,047
371,801,536
4.9% 4
5 Year Treasury Note Futures, Chicago Board of Trade
226,441,088
287,221,081
26.8% 5
3 Month Euribor Futures, ICE Futures Europe
197,286,277
226,441,372
14.8% 6
3 Month Sterling Futures, ICE Futures Europe
198,845,679
216,984,337
9.1% 7
Euro-Bund Futures, Eurex
195,580,025
202,027,816
3.3% 8
Eurodollar Mid-Curve Options, Chicago Mercantile Exchange
190,004,215
183,150,164
-3.6% 9
Eurodollar Options, Chicago Mercantile Exchange
153,425,834
173,585,526
13.1% 10
10 Year Treasury Note Options, Chicago Board of Trade
128,546,313
167,962,668
30.7% 11
Euro-Bobl Futures, Eurex
135,394,434
138,001,817
1.9% 12
2 Year Treasury Note Futures, Chicago Board of Trade
97,249,457
135,499,156
39.3% 13
Euro-Schatz Futures, Eurex
86,000,890
108,326,655
26.0% 14
IDI Index Options, B3
98,481,487
102,904,073
4.5% 15
30 Year Treasury Bond Futures, Chicago Board of Trade
73,337,240
92,661,809
26.4%

8. Spotlight on the US Treasury Complex
In millions of contracts traded annually. Volume measured on left axis, open interest on the right axis.

9. Mixed Picture in Commodity Categories
In billions of contracts traded annually.
Based on number of contracts traded and/or cleared on exchanges.
Other includes contracts based on freight, glass, lumber, plastics and weather.

10. Top 15 Metal Futures and Options
2017
2018
Change 1
Steel Rebar Futures, Shanghai Futures Exchange
702,019,499
530,976,610
-24.4% 2
Iron Ore Futures, Dalian Commodity Exchange
328,743,737
236,491,632
-28.1% 3
Nickel Futures, Shanghai Futures Exchange
74,154,526
114,818,738
54.8% 4
Zinc Futures, Shanghai Futures Exchange
91,449,266
92,348,782
1.0% 5
Hot Rolled Coil Futures, Shanghai Futures Exchange
103,131,555
86,816,386
-15.8% 6
Gold Futures, Commodity Exchange (COMEX)
72,802,171
80,301,590
10.3% 7
Aluminium Futures, London Metal Exchange
51,429,383
65,574,126
27.5% 8
Copper Futures, Shanghai Futures Exchange
54,100,135
51,247,050
-5.3% 9
Aluminum Futures, Shanghai Futures Exchange
65,423,439
46,618,361
-28.7% 10
Silver Futures, Shanghai Futures Exchange
53,111,169
42,250,568
-20.4% 11
Copper Grade A Futures, London Metal Exchange
33,885,113
38,599,069
13.9% 12
Special High Grade Zinc Futures, London Metal Exchange
29,642,124
33,430,054
12.8% 13
Copper Futures, Commodity Exchange (COMEX)
27,051,503
32,710,103
20.9% 14
SPDR Gold Shares ETF Options *
33,418,599
27,899,213
-16.5% 15
Primary Nickel Futures, London Metal Exchange
21,080,612
24,011,101
* Traded on multiple U.S. options exchanges

11. Focus on Copper Futures
Volume measured in metric tons

12. Top 15 Exchange Groups by Volume
2017
2018
Change 1
CME Group
4,089,345,897
4,844,856,880
18.5% 2
National Stock Exchange of India
2,465,333,505
3,790,090,142
53.7% 3 B3
1,809,358,955
2,574,073,178
42.3% 4
Intercontinental Exchange
2,125,404,062
2,474,223,217
16.4% 5
CBOE Holdings
1,810,195,197
2,050,884,142
13.3% 6
Eurex
1,675,898,310
1,951,763,081
16.5% 7
Nasdaq
1,676,626,292
1,894,713,045
13.0% 8
Moscow Exchange
1,584,632,965
1,500,375,257
-5.3% 9
Korea Exchange
1,015,335,674
1,408,257,756
38.7% 10
Shanghai Futures Exchange
1,364,243,528
1,201,898,093
-11.9% 11
BSE
609,215,973
1,032,693,325
69.5% 12
Dalian Commodity Exchange
1,101,280,152
981,927,369
-10.8% 13
Zhengzhou Commodity Exchange
586,070,148
817,969,982
39.6% 14
Hong Kong Exchanges and Clearing
372,186,941
480,966,627
29.2% 15
Miami International Holdings
232,223,967
421,320,501
81.4%

13. Open Interest Levels Off at the Global Level
In millions of contracts outstanding at year-end

14. Steady Growth in Europe
In millions of contracts outstanding at year-end

15. Equity Index and Interest Rates Trending Higher
In millions of contracts outstanding at year-end

16. Energy Trending Lower
In millions of contracts outstanding at year-end

17. Options – 72% of Open Interest in 2018
In millions of contracts outstanding at year-end

18. Spotlight on Interest Rate Sector in Europe
In millions of contracts traded annually. Volume measured on left axis, open interest on the right axis.

19. Spotlight on Gas Oil
In millions of contracts traded annually. Volume measured on left axis, open interest on the right axis.

20. Spotlight on Bond ETF Options
In millions of contracts traded annually. Volume measured on left axis, open interest on the right axis.

21. Thank you!
FIA collects volume and open interest data from 83 derivatives exchanges operated by 53 companies in 35 countries. Volume is measured by the number of contracts traded on a round-trip basis to avoid double-counting. Open interest is measured by the number of contracts outstanding at month-end.  
For more information, visit the data resources page on the FIA website at FIA members are eligible to receive monthly statistical reports with volume and open interest for each contract listed on the covered exchanges.
For more information about this service, contact FIA’s data team at 21