The Indian leading stock exchange, NSE became the world’s leading exchange by trading volumes, outperforming US-based CME group, the world’s major derivatives market exchange as per Futures Industry Association data.
FIA is the prominent global trade organization for the futures, options and centrally cleared derivatives markets, with its offices in Brussels, London, Singapore and Washington. FIA was started in 1955 in New York as the Association of Commodity Exchange Firms.
NSE achieved active 6 billion contracts transacted volume in 2019, 58% up in compare to last year, beating CME Group to turn out to be the world’s biggest stock exchange. CME's total traded volume in 2019 was 4.83 billion contracts, approximately the as similar as the previous year.
In India generally European options are being traded it means options can be exercised at the time of maturities only. A derivative contract facilitates the sale or purchase of an underlying asset at a pre decided price for delivery on a pre-decided future date.
Elsewhere, Intercontinental Exchange classified as the fourth leading exchange after Brazil’s B3, subsequently it saw trading volume plunge 9% in 2019 to 2.26 billion contracts, due to poorer activity crossways all its exchanges in Europe, the US and Asia-Pacific. Eurex exchange was registered as the fifth major exchange by volume, after trading 1.96 billion contracts in 2019 as same as the year before.
As per the Futures Industry Association, exchanges in Asia-Pacific raised the most throughout the year, and the number of contracts traded crossways the region’s exchanges summed 14.49 billion contracts, up 29.1% in compare to last year. During the same period, trading in the US and Europe deteriorated 2.8% and 4.4% correspondingly.
Open Interest data which indicates the number of outstanding contracts, made a fresh record of 900 million contracts at the 2019 end, an 8.8% surge in compare to the year before.
As per FIA it is compiling the data on volume and open interest from 80 different exchanges functioned by 52 companies crossways 34 countries. The group added the data are established on the number of contracts traded or cleared on these exchanges to evade possible dual counting.
Worldwide trading activity in the global exchange-traded derivatives markets soared by 13.7% former calendar year to touch a record of 34.47 billion contracts. The total derivatives turnover was proximate Rs.2700 trillion improved from Rs.2400 trillion in FY19.