Table IV

Trading Volume of the 25 Largest Non-U.S. Exchange-Traded Futures and Option Contracts in 1998, with Comparisons to 1993

(in millions of contracts)

Contract

Exchange

Country

Category

1993

1998

Percent Change
93-98

BUND

EUREX

Germany

Interest Rate

7.9

96.8

1128%

Euro-Mark- 3month

LIFFE

U.K.

Interest Rate

24.2

60.4

149

Interest Rate- 1-Day Interbank rate

BM&F

Brazil

Interest Rate

19.0

35.2

85

Short Sterling

LIFFE

U.K.

Interest Rate

15.0

33.8

128

BOBL – Medium Term

Eurex

Germany

Interest Rate

4.6

32.8

614

Notional Bond

MATIF

France

Interest Rate

48.4

26.6

-45

Euro-Yen- 3month

TIFFE

Japan

Interest Rate

24.1

21.7

-10

Primary Aluminum High-Grade

LME

U.K.

Interest Rate

11.0

21.0

91

BUND

LIFFE

U.K.

Interest Rate

24.9

19.7

-21

U.S. Dollar

BM&F

Brazil

Currency

7.7

18.8

145

Euro-Lira- 3month

LIFFE

U.K.

Interest Rate

1.5

18.2

1132

KOSPI-200

KSE

Korea

Stock Index

 

17.9

 

Long Gilt

LIFFE

U.K.

Interest Rate

13.9

17.8

29

Platinum

TOCOM

Japan

Metal

5.0

17.0

240

Copper-Grade A

LME

U.K.

Metal

16.0

16.8

5

Notional Bond- 10Year Note

MEFF-RF

Spain

Interest Rate

5.6

16.7

198

CAC-40 Index (contract size reduced

7-98)

MATIF

France

Stock Index

5.9

16.4

178

Crude Oil-Brent

IPE

UK

Energy

10.0

14.2

43

Yen Gov’t Bond- 10Year

TSE

Japan

Interest Rate

16.7

12.7

-24

Treasury Note –3Year

SFE

Australia

Interest Rate

7.5

10.7

44

SCHATZ- 2year German Government Note

EUREX

Germany

Interest Rate

 

10.4

 

Rubber

TOCOM

Japan

Industrial-agriculture

3.0

10.0

236

Bovespa- Stock Index

BM&F

Brazil

Stock Index

10.4

9.9

-4

Eurodollar

SIMEX

Singapore

Interest Rate

5.5

9.8

78

Euro-Yen

SIMEX

Singapore

Interest Rate

3.6

9.4

162

Sub-total

 

290.8

574.7

98

Non-U.S. total

469

851

81

Sub-total / Non-U.S. total

59%

68%

 

 


 

Table V

Trading Volume of the 25 Largest U.S. Exchange-Traded Futures and Option Contracts in 1998, with Comparisons to 1993

(in millions of contracts)

Contract

Exchange

Category

1993

1998

Percent Change 93-98

U.S. Treasury Bond

CBT

 

Interest Rate

102.9

152.2

48%

3-Month Euro-Dollars

CME

Interest Rate

81.4

142.6

75

U.S. Treasury Note (10Year)

CBT

 

Interest Rate

21.4

41.8

95

Crude Oil –Light Sweet

NYMEX

 

Energy

32.0

38.0

18

S&P 500 Index

CME

Stock Index

16.1

36.4

126

U.S. Treasury Note (5Year)

CBT

 

Interest Rate

10.1

21.2

110

Corn

CBT

 

Domestic Agriculture

13.5

20.0

49

Natural Gas – (Henry Hub)

NYMEX

 

Energy

5.0

19.1

281

Soybeans

CBT

 

Domestic Agriculture

14.6

16.3

12

Gold - COMEX

NYMEX

Metal

10.6

10.9

3

Heating Oil – N.Y. No. 2

NYMEX

Energy

9.4

9.5

1

Japanese Yen

CME

Currency

8.3

9.0

9

N.Y. Unleaded Regular Gasoline

NYMEX

Energy

7.4

8.7

18

Deutschemark

CME

Currency

18.8

7.6

-60

Sugar #11

CSCE

Foreign Agriculture

5.2

7.6

47

Soybean Meal

CBT

 

Domestic Agriculture

5.0

7.4

48

Soybean Oil

CBT

 

Domestic Agriculture

4.8

7.3

51