Derivatives Exchanges

Research evidence excerpt

Derivatives Exchanges

428,6276,608 1,5401,4611,8312,3621,8901,9672,5992,0832,5091,8602,3342,4212,3792,7162,2002,5064,2323,3763,2273,4423,8264,4963,6565,3163,2054,2585,2756,7377,8355,1867,4207,1374,7444,2814,7744,5453,275 37,53360,94053,58553,03030,47551,64066,95571,27142,68137,47037,34550,364 102,258107,573109,156109,048109,680113,772111,558109,539108,995106,620111,999127,689126,133121,716127,631130,013131,575135,485134,140129,455128,617124,350123,222131,219130,609129,563131,926123,171122,537124,421149,444134,168147,321144,473153,144145,304141,721143,547147,132154,485149,282147,842150,827153,909148,335151,479152,567159,198155,583170,881179,605176,829179,358174,769183,195179,171171,443185,048187,783201,689191,012196,142201,468211,573211,085210,841212,625202,512203,485214,455211,201206,787213,092211,011209,080215,709205,676224,048229,316234,824227,713236,875238,524229,330233,290232,884237,446234,217204,573209,844207,477206,533208,859204,317207,632210,919212,249198,267149,668152,408154,393145,047148,195147,075147,535146,697150,607149,709146,040142,031144,978145,259147,561148,969145,049152,779151,809143,200145,636146,747147,111151,790148,766149,173150,260148,249148,513146,481151,036153,597151,993153,214158,142158,709155,794152,897153,315155,297159,749158,903164,013160,997162,022166,477175,089172,941158,092168,921167,620168,080167,793180,515183,429183,017184,571194,865184,548195,843189,016188,596179,813190,660190,940161,226165,101142,927159,070172,281162,440159,193157,333159,845159,484161,537158,298141,151153,366161,420159,689164,837146,032160,286159,949163,762158,207155,881159,048165,108

*Represents preliminary data published first by exchange

Source: Company reports, J.P. Morgan estimates