India, Russia capture 76 percent of the currency derivatives market

The global currency derivatives markets finished the year 2014 with a 3.6% growth – last year 1.8 billion contracts were concluded. According to the annual review by The World Federation of Exchanges (WFE), 76 percent of the increase in global currency derivatives markets occurred on the stock markets of Russia and India.

According to Vedomosti, the WFE used the statistics of the Moscow Stock Exchange and took into account the number of contracts that were purchased by investors.

“The Indian market is characterized by the small size of its contracts and the active participation of retail investors. By the end of 2013, India accounted for 57% of the world volume, but only 4% of the nominal value. In 2014, growth came as a result of increased activity by retail investors, just as in 2013,” the WFE representative told Vedomosti.

In Russia, the main demand came from the banks and funds, which sought to hedge currency risks against the background of ruble devaluation.

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