UPDATE 1-Global futures trading surged in 2010, led by Asia

Tue Mar 15, 2011 7:03am EDT

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* Asia accounted for 39.8 pct of world futures trades

* North America had 32.2 pct; Europe 19.8 pct

* Korea Stock Exchange takes lead; CME No. 2 (Adds links to graphics, details, byline, changes dateline to Boca Raton from Chicago)

By Ann Saphir

BOCA RATON, Fla., March 15 (Reuters) - Global trading of futures and options contracts jumped 26 percent last year, with Asian exchanges dominating trade for the first time, the Futures Industry Association (FIA) said on Tuesday.

Contracts traded on Asian derivatives exchanges surged 43 percent to 8.86 billion contracts in 2010, the FIA, a Washington-based industry group, said in its annual report.

Trading in North America, which until 2009 had led the world in listed derivatives trading, rose 13 percent to 7.17 billion contracts in 2010.

All told, 22.3 billion futures and options contracts changed hands at exchanges around the world last year.

A resurgence in interest-rate futures trading helped lift volumes globally, though the biggest increases came in contracts tied to grains and other agricultural products and non-precious metals.

The futures industry's return to rapid growth comes as a wave of consolidation is sweeping financial markets. Last month alone, Deutsche Boerse AG (DB1Gn.DE) bid for NYSE Euronext NYX.N, the London Stock Exchange (LSE.L) offered to buy Toronto Stock Exchange parent TMX Group Inc (X.TO), and BATS Global Markets bid for fellow private venue operator Chi-X Europe.

The industry grew just 0.4 percent in 2009 in the wake of the global credit crisis. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

GRAPHIC: Volume growth r.reuters.com/fam58r

GRAPHIC: Volume by category r.reuters.com/gam58r

FACTBOX: Top exchanges [ID:nN1425872] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Trading in Asia was led by the Korea Exchange, which handled 3.8 billion contracts, making it the world's most active derivatives market last year. Most of its business is in its popular Kopsi 200 stock-index options, the FIA said.

CME Group Inc (CME.O), which operates the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, was the second-largest exchange operator by volume, handling 3.1 billion contracts last year.

Trading in contracts tied to grains and other agricultural products surged 40.7 percent globally last year, and trading in non-precious metals like copper rose 39.1 percent.

FIA's survey tracks volume from 78 derivatives exchanges around the world. (Reporting by Ann Saphir with reporting by Roberta Rampton; graphics by Emily Stephenson; editing by Leslie Adler and Jeffrey Benkoe)

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