India and rest of Asia drive surge in global derivatives trades

'Zero days to expiration' options draw investors seeking quick, cheap bets

20240130N BSE

The BSE in India saw equity options trade increase more than 10 times in 2023 after the launch of "zero days to expiration" options. © Reuters

MANAMI OGAWA, Nikkei staff writer

TOKYO -- Options, futures and other derivatives are quickly gaining momentum in India and the rest of the Asia-Pacific, with the region's trade volume doubling in 2023 on the rise of options that expire on their trading day.

Derivatives trading in the Asia-Pacific increased to 103.5 billion contracts, recently published Futures Industry Association data shows. The figure accounted for 75% of the 2023 global tally of 137.2 billion contracts, up from a 60% share in the prior year.

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