* 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 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
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
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