The strong growth in the global futures and options volume came largely from Asia-Pacific, the world’s largest futures and options market. The region, which accounted for about 41% of global volume, leapt 31.7% y-o-y to 6.76 billion in the six-month period ended June 30, from 5.13 billion. Open interest grew 4.7% y-o-y to 79.2 million in June, from 75.6 million.
SINGAPORE (Oct 21): The US has traditionally been the most vibrant and largest futures market. But over the last decade, the futures market has grown tremendously in Asia, especially China. This growth has been driven by several secular trends, says Teyu Che Chern, CEO of Phillip Futures, futures brokerage arm of PhillipCapital Group.
According to the Futures Industry Association (FIA), the total global futures and options volume was 16.55 billion in the six-month period ended June 30. This was up 11.1% y-o-y, from 14.9 billion. Open interest, which is the total number of outstanding contracts, rose 3.9% y-o-y to 884.55 million in June from 851.58 million.
