At the Commodity Futures Trading Commission, you can see the full list
of registered exchanges, and the years that they registered, under the
report "Designated Contract Markets Registered with the CFTC"
http://www.cftc.gov/dea/deadcms_table.htm
(Be sure to scroll all the way down -- you'll see data going back decades.)
Also click on these reports:
"DCM Applications Pending
Boards of Trade Whose Designation Has Been Vacated
DCMs That Are Notice Registered with the SEC as Exchanges"
At the World Federation of Exchanges:
http://www.world-exchanges.org/WFE/home.Asp?nav=ie
"EQUITY DERIVATIVES AND CASH EQUITY TRADING. Concentration and
Notional Value Comparisons. Analysis of Figures 1995-2003":
http://www.world-exchanges.org/publications/Equity%20derivatives%20and%20cash%20equity%20trading.pdf
"The structure of the report is:
1 Regional development of equity derivatives markets
2. Development of cash equity markets
3. Cash equity versus equity derivative volumes"
OTHER RESOURCES:
The Global Competitiveness of U.S. Futures Markets Revisited, a 1999 report
from Division of Economic Analysis
Commodity Futures Trading Commission:
http://www.cftc.gov/dea/compete/deaglobal_competitiveness.htm
Scroll down to "The Continued Growth of Worldwide Trading Volume." (You'll
see a chart.)
"The dramatic increase in worldwide exchange-traded futures and option
activity that took place throughout the 1980s has continued in the 1990s
(see chart A). Total worldwide trading volume for futures and options
combined reached a record 1,482 million contracts in 1998 (see table I).[5]
"By way of comparison, in 1993, the last year covered in the 1994 Study,
volume was 890 million contracts. These figures compare to worldwide volume
of 272 million contracts in 1986, the first year covered by the 1994 Study.
The absolute increase in volume over the last five years (1994-98) of 592
million contracts is nearly equal to the increase experienced over the
eight-year period (1986-1993) covered by the 1994 Study (618 million
contracts). The significantly lower rate of growth over the latter period,
67 percent, compared to the former period, 227 percent, reflects the fact
that the base volume of trading was much lower in 1986 (272 million
contracts) than in 1994 (890 million contracts). For the same reason, the
mean annual growth rate in worldwide futures and option trading volume over
the 1994-1998 period was 13 percent compared to 33 percent for the 1986-1993
period. . ."
A comparison of futures and options from 1994-2004, "CBOT DJ-AIGCI Futures
Reference Guide 2005," from the Chicago Board of Trade (CBOT):
http://www.cbot.com/cbot/pub/cont_detail/0,3206,963+13327,00.html?link=rss
"By relying on factors that are both endogenous to the futures markets
(liquidity) and exogenous to the futures markets (production), the DJ-AIGCI
provides a unique measure of the relative significance of its component
commodities."
Keep scrolling down to:
"III. Annual Reweighting and Rebalancing
The target weights for the DJ-AIGCI are determined annually by the Index
Oversight Committee, announced in July and implemented the following
January. In addition to reweighting, the DJ-AIGCI includes another critical
step that differentiates it as a benchmark. Once a year, at the same time
that the index is reweighted, it is rebalanced on a price-percentage basis."
You may also want to download more data from CBOT at its "Data Inventory"
page (data going back to 1972):
http://cbotdataexchange.if5.com/FeaturesDataInventory.aspx
"Product Profile: Single Stock Futures Thriving in Europe," by Tom Nicholls,
September/October 2004 issue of Futures Industry magazine:
http://www.fiafii.org/fimagazi-1929.asp?iss=147&a=965
"Open interest, an important measure of market depth, stood at 1.5 million
contracts [on MEFF] at the end of June, up very slightly from the year-ago
date. At Euronext.liffe, open interest in the USFs stood at just under
650,000 contracts at the end of June, up 69% from the year-ago date, but
still less than half the open interest at Meff."
Scroll down to the bottom of the page to see charts from three European
exchanges, comparing 2002 to 2004.
From the November 2004 issue of SFO magazine: "COMMODITIES: Ivy League Study
Plants Them in the Mainstream - Finally!," by: Gail Osten:
http://www.sfomag.com/homefeaturedetail.asp?ID=775417807&MonthNameID=November&YearID=2004
This article previews a study, being conducted by "Wharton professor Gary
Gorton and Yale School of Management professor K. Geert Rouwenhorst," that
covers the futures market over the past 45 years.
"SIDEBAR
Measuring the Results: The Surprises
Here's how Drs. Rouwenhorst and Gorton came to their conclusions. They
created an equally weighted performance index of commodity futures, based on
data from the Commodities Research Bureau. They then compared the
performance of their commodity index to the Ibbotson corporate bond index
and the S&P 500 index from July 1959 through March 2004. All three data
series were deflated by the CPI index in order to create an
inflation-adjusted performance for the various asset classes."
I found Dr. Rouwenhorst's homepage:
http://faculty.som.yale.edu/geert/
Click on "The Long-term Properties of Commodity Futures" to bring up:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=560042
There, scroll down to the subheader "SSRN Electronic Paper Collection" and
under that you'll see icons where you can download a draft of the study. I
downloaded from SSRN.
"March 29: FIA Annual Volume Survey - The Invigorating Effects of Electronic
Trading," by Galen Burghardt, published March 29, 2005, at GARP (Global
Association of Risk Professionals).
http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-03-29-10515.html
Scroll down to tables.
"Trading Volume - New World Order, Exchange Growth in the Americas Shaking
Things Up," by Megan DeGrandis, published January 27, 2005:
http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-01-27-10130.html
Includes single stock futures. Scroll down to tables "Global Futures and
Options Volume by Sector" and "Top 20 Derivatives Exchanges by Volume
Exchange," comparing data from January 2003 to January 2004.
"New Directions in Exchange Strategy," by Will Acworth, Futures Industry
magazine, un-dated, but appears to be 2004
http://216.109.125.130/search/cache?p=indicators+AND++growth+AND++futures+and+options+&prssweb=Search&ei=UTF-8&fl=0&u=www.fiafii.org/fimagazi-1929.asp%3Fa%3D970&w=indicators+growth+futures+options&d=fOaJE2FULnHg&icp=1&.intl=us
"Global Futures and Options Volume - Steady Growth at Most Exchanges
Outweighs Kospi Effect," by Will Acworth and Megan McGregor, October 19,
2005:
http://www.riskcenter.com/story.php?id=11649
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