Introducing the ETD Tracker:
This month’s data on futures and options trading is accessible in two formats: a spreadsheet accessible through the link below and a set of interactive visualizations called the FIA ETD Tracker. The ETD Tracker consists of interactive visualizations on the FIA website that allow users to view data on volume and open interest, with filters based on year and month, region and jurisdiction, asset group and type of product. The ETD Tracker also includes visualizations that rank exchanges by total volume in the latest month and year to date as well as open interest in the latest month. Click here to access the ETD Tracker.
Highlights from November 2025:
Worldwide volume of exchange-traded derivatives reached 10.52 billion contracts in November. This decreased 10.7% from October 2025 and decreased 37.4% from November 2024.
Options growth has slowed. Global trading of options reached 7.94 billion contracts in November, down by more than 44% from last year, with most of that decline taking place in the Asia-Pacific region.
Global trading of futures reached 2.58 billion contracts in November, up 4.7% from the same month last year.
On a year-to-date basis, volume through eleven months this year was 107.84 billion contracts, down 44.2% from the first eleven months of 2024. The majority of that decrease came from equity contracts.
Total options volume for the year so far was 79.94 billion contracts, down 52.3% from the previous year. Total futures volume was 27.9 billion contracts in 2025 so far, up 7.6% from 2024.
Total open interest at the end of November was 1.69 billion contracts, the highest level ever recorded. The November total was up 0.3% from October 2025 and up 19% from a year ago.
2025 November ETD Volume
| Futures | Options | Total | M/M | Y/Y | |
| Asia-Pacific | 961,102,228 | 5,590,771,597 | 6,551,873,825 | -10.7% | -51.8% |
| North America | 640,566,334 | 1,736,120,978 | 2,376,687,312 | -9.9% | 33.5% |
| Latin America | 455,515,562 | 524,766,992 | 980,282,554 | -10.9% | 14.9% |
| Europe | 253,144,707 | 77,286,100 | 330,430,807 | -10.4% | -8.9% |
| Other | 269,456,971 | 6,633,545 | 276,090,516 | -16.3% | 20.7% |
| Grand Total | 2,579,785,802 | 7,935,579,212 | 10,515,365,014 | -10.7% | -37.4% |
| M/M | -0.7% | -13.5% | -10.7% | ||
| Y/Y | 4.7% | -44.7% | -37.4% |
Asset Class
| Asset Class | January to November | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Agriculture | 2,770,855,680 | 2,696,113,563 | -2.7% |
| Currencies | 2,658,485,335 | 1,734,431,833 | -34.8% |
| Energy | 2,666,824,925 | 3,423,009,094 | 28.4% |
| Equity | 173,514,361,381 | 85,913,654,507 | -50.5% |
| Interest Rates | 6,467,943,643 | 6,585,387,861 | 1.8% |
| Metals | 2,823,709,961 | 3,316,840,896 | 17.5% |
| Other | 2,501,270,098 | 4,174,110,913 | 66.9% |
| Grand Total | 193,403,451,023 | 107,843,548,667 | -44.2% |
Region
| Region | January to November | ||
| 2024 | 2025 | Change | |
| Futures and Options | |||
| Asia-Pacific | 160,244,483,447 | 68,179,225,893 | -57.5% |
| Europe | 3,839,602,665 | 4,023,031,908 | 4.8% |
| Latin America | 9,158,479,353 | 10,314,079,838 | 12.6% |
| North America | 18,107,451,114 | 22,192,677,077 | 22.6% |
| Other | 2,053,434,444 | 3,134,533,951 | 52.6% |
| Grand Total | 193,403,451,023 | 107,843,548,667 | -44.2% |
