Snapshot of the Global Derivatives System
Derivatives markets are not evenly distributed: a small number of major operators, infrastructures and jurisdictions account for a significant share of global trading volumes and exposures.
Understanding this structure means identifying where financial risk is concentrated, how exposures are transferred and which instruments dominate international markets.
Sources: BIS, FIA, World Federation of Exchanges, CME Group, ICE, Eurex and official reports from the leading operators.