Largest Derivative Exchanges

Options & Futures
Speculation or Risk Management

Largest Derivative Exchanges in the World

The largest derivative exchanges in the world are ranked by the total number of contracts traded on the exchange. Derivative exchanges are specialized financial markets for trading derivative contracts, such as futures, options and swaps. These exchanges play a crucial role in risk management and price discovery. Here are some of the largest derivative exchanges in the world.

  • CME Group: The Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) merged in 2007. They later acquired the New York Mercantile Exchange (NYMEX) and the Commodity Exchange (COMEX) to form the CME Group. The CME Group is the largest derivatives exchange in the world, offering a wide range of derivative products, including interest rate, equity index, agricultural, energy and metal derivative contracts for futures and options.
  • Intercontinental Exchange (ICE): The Intercontinental Exchange operates multiple exchanges, including the ICE Futures US, ICE Futures Europe and ICE Futures Singapore. The ICE offers a wide range of derivative products, including energy, agricultural and financial derivatives. The ICE also owns the New York Stock Exchange (NYSE).
  • Eurex: Eurex is a major European derivatives exchange owned by the Deutsche Börse Group. Eurex offers a wide range of derivative products, including interest rate, equity index and commodity derivatives.
  • National Stock Exchange of India (NSE): The National Stock Exchange of India is not only a leading stock exchange in India but is also a major exchange in the derivatives market. The NSE offers a range of derivative products, including equity, currency and interest rate derivatives.
  • B3 (Brasil, Bolsa & Balcão): In addition to being Brazil's main stock exchange, B3 is also a prominent derivatives exchange. B3 provides a range of derivative products, including interest rate, currency and equity index derivatives.
  • Moscow Exchange (MOEX): The Moscow Exchange is the largest exchange in Russia. The MOEX provides a range of derivative products, including equity, currency and interest rate derivatives.
  • Hong Kong Exchanges and Clearing (HKEX): HKEX operates the Hong Kong Stock Exchange and Hong Kong Futures Exchange. The HKEX provides a range of derivative products, including equity index, currency and commodity derivatives.
  • Japan Exchange Group (JPX): Formed by the merger between the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), JPX offers a range of derivative products, including equity index, interest rate and commodity derivatives.
  • Singapore Exchange (SGX): The Singapore Exchange offers a wide range of derivative products, including equity index, interest rate, currency and commodity derivatives. The SGX is well-known for its Asian-focused products and serves as a significant financial hub in the region.
  • Australian Securities Exchange (ASX): In addition to being Australia's primary stock exchange, the ASX offers a wide range of derivative products, such as interest rate, equity index and commodity derivatives.
  • Cboe Global Markets: Cboe is one of the largest options exchanges in the world and operates other exchanges as well, including the Cboe Options Exchange and Cboe Futures Exchange (CFE). Cboe Global Markets is well-known for offering innovative products, such as the Cboe Volatility Index (VIX) for futures and options.
  • Taiwan Futures Exchange (TAIFEX): TAIFEX is the primary derivatives exchange in Taiwan, offering a range of derivative products, including equity index, interest rate and currency derivatives.
  • Korea Exchange (KRX): As South Korea's primary exchange, the KRX offers a variety of derivative products, such as equity index, interest rate, currency and commodity derivatives.
  • Shanghai Futures Exchange (SHFE): The SHFE is one of China's major futures exchanges, offering a range of derivative products, including metals, energy and chemical commodity futures.
  • Zhengzhou Commodity Exchange (ZCE): Another major futures exchange in China, the ZCE offers a variety of agricultural and chemical commodity futures.
  • Dalian Commodity Exchange (DCE): The DCE is a prominent futures exchange in China that provides a range of derivative products, including agricultural, metal and chemical commodity futures.

Each of these derivative exchanges are important financial hubs in their respective regions and contribute significantly to the global economy by providing essential risk management tools and contributing to price discovery. Keep in mind that the market rankings and prominence of these exchanges can change over time due to various factors, such as market conditions, regulatory changes, technological advancements and geopolitical events.

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