Washington, DC — FIA released statistics on the number of futures and options traded on exchanges worldwide in 2023.
The total volume of trading reached 137.3 billion contracts in 2023, up 64% from the previous year. This was the sixth consecutive year of record-setting trading activity in the global listed derivatives markets.
Trading volume in most parts of the world grew only slightly compared to the previous year. The exception was India, which saw an extraordinarily rapid growth in the trading of equity index options.
The number of equity index options traded on Indian exchanges reached 84.3 billion contracts in 2023, up 153% from 2022. That helped push the total number of options traded worldwide to 108.2 billion in 2023, up 98% from the previous year.
Total futures volume was 29.1 billion contracts, roughly the same as the previous year. Increases in futures trading in China and the UK offset declines in Brazil and Turkey.
Open interest, which measures the number of outstanding contracts at a point in time, stood at a record level of 1.25 billion contracts at year-end, up 15% at year-end 2022. Open interest in options rose 18% to 955 million contracts, and open interest in futures rose 8% to 298 million contracts.
FIA’s statistics on volume and open interest are collected from 89 exchanges and clearinghouses operated by 54 companies in 34 countries. The statistics are based on the number of contracts traded and/or cleared on these exchanges and clearinghouses and are adjusted to avoid double counting.
Strictly CBOE US Options
- Total volume across Cboe’s four options exchanges was 3.7 billion contracts in 2023, the fourth consecutive record-breaking year
- Total options Average Daily Volume (ADV) reached an all-time high of 14.6 million contracts traded per day in 2023
- Cboe’s proprietary product suite set several volume records for the year, including:
- S&P 500 Index (SPX) options traded a total of 729.3 million contracts, with an ADV of 2.9 million contracts
- Cboe Volatility Index (VIX) options traded a total of 185.7 million contracts, with an ADV of 743 thousand contracts
- Trading in SPX options set a new single-day volume record on December 14, 2023 with 4.8 million contracts traded
