Brazil’s B3 overtakes CME Group in rankings for largest derivatives exchange

Discussion in 'Wall St. News' started by dealmaker, Jan 22, 2021.

  1. dealmaker


    Brazil’s B3 overtakes CME Group in rankings for largest derivatives exchange

    CME Group had previously been ranked second largest in terms of trading volume, losing first place to the National Stock Exchange of India last January.

    ByAnnabel Smith
    [​IMG]US derivatives exchange CME Group has dropped to third place in a ranking of the largest derivatives exchanges globally, losing second place to Brazil’s B3, statistics from the Futures Industry Association (FIA) have revealed.

    CME Group came in third in this year’s rankings, with total volume of 4.82 billion, almost unchanged from the previous year, while Brazil’s B3 saw trading volume surge 62.5% to 6.31 billion during 2020.

    According to the FIA, 2020 was a record year global futures and options trading activity, with 46.77 billion contracts traded worldwide in 2020, up 35.6% from the previous year.

    “This is the third year in a row that the global exchange-traded derivatives markets set a record in terms of total trading activity. As in past years, rapid growth on exchanges in Brazil, China and India accounted for much of the increase,” said the FIA.

    The National Stock Exchange of India (NSE) maintained the top spot with ease, reporting a total trading volume of 8.85 billion contracts in 2020, up 48.1% from the previous year.

    CME Group lost the number one position to the NSE last January,after it traded 6 billion contracts in 2019, up a significant 58% from the year prior.

    ICE maintained its position in fourth place, with volumes rising 23.6% to 2.79 billion contracts, followed swiftly by Nasdaq who saw volumes rise 49% to 2.66 billion contracts.

    Tagged:CME Group,FIA,NSE
  2. R1234


    number of contracts is not a valid comparison. Based on notional value turnover I'd bet CME dwarfs everybody else.
    DiceAreCast likes this.
  3. Agree, metrics probably proposed by some overpaid, clueless "consultants".

  4. MrMuppet


    Number of contracts is the only thing that matters.
    Fees are paid in contracts not as % of notional value->more contracts, more fees, more growth.
  5. Fees, earned or number contracts, traded, are not reasonable metrics to compare the importance or strength of an exchange. It should be the notional amount, traded, converted to a common currency such as USD. What is the point to compare exchanges based on the fees collected?

  6. If B3 is such a big exchange, why is their website listed as "connection not secure" in my browser? That gives me an impression of it not being professional.
  7. MrMuppet


    Your nickname is HobbyTrading, that's not professional either :p

    Jokes aside, nobody cares about the website, it's all about connectivity to their matching engine.
    And I'm ALSO sure that this isn't as good as CMEs, nevertheless, their products just attracted more volume, period