ANALYTICAL ASSESSMENT OF EXCHANGE TRADING IN DERIVATIVE CONTRACTS ON INTERNATIONAL CAPITAL MARKETS AND ORGANIZED COMMODITY MARKETS
Abstract
The article is devoted to the current issues of the international derivative contracts exchange trading functioning and development. It has been established that the long evolutionary transformational path of exchange trading on international commodity and financial markets has ensured its successful development and spread at the global level with the attraction of free capital and its effective global redistribution, transforming the conclusion of exchange futures contracts into daily flows of billion-dollar transactions. An analytical assessment of the current state of international exchange trading in derivative contracts on capital markets and organized commodity markets is carried out. According to the assessment of the indicators of 2024, the volume of international exchange trading in derivatives increased by 50.5% compared to 2023 and amounted to 206.78 billion transactions. As we can see, over the past 3 years, the average annual growth in the volume of derivative contracts concluded on international exchanges was 49.7%. Such indicators were achieved due to the successful activation of exchange trading in derivative contracts and open access to them by exchange participants from different geographical regions. It is noted that exchange trading in derivative contracts on international exchanges refers to an organized form of trading in standardized underlying assets for commodities and financial instruments. The structure of international exchange trading in derivative contracts by geographical zoning is determined, which testifies to the important place of Asian exchanges in modern conditions. The trends of international exchange trading in financial and commodity assets are analyzed and the dominance of financial derivative contracts, in particular on securities, is noted. A significant increase in the share of trading in derivative contracts on financial assets was found, which exceeded the number of concluded commodity derivative contracts by 15.6 times in 2024. The growth rates of financial and commodity derivative contracts by type of assets are noted. Modern development trends and main challenges in international organized markets for derivative contracts are demonstrated.
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