statistics

Warsaw, 22nd January 2012
Derivatives Market in 2012
Press Release
In 2012 WSE :
maintained a high fourth place in Europe in terms of index futures contract
volumes.
WIG20 futures contract is ranked 8th among European index contracts.
WIG20 options are ranked 13th in terms of turnover volume among European index
options.
Table No. 1
Index futures contracts volumes on European exchanges in 2012.
No.
EXCHANGE
Turnover
Volume
in 2012
(Jan-Dec)
1
EUREX
382 935 863
2
Liffe NYSE Euronext
84 002 370
3
OMX
32 642 321
4
WSE
9 091 088
5
ITALY
8 824 544
6
SPAIN
7 169 833
7
NORWAY
5 017 556
8
GREECE
2 168 250
9
HUNGARY
799 939
10
ROMANIA
780 289
11
AUSTRIA
371 638
12
CZECH REPUBLIC
461
Source: exchanges websites and FESE.
Table No. 2
Turnover volumes of futures contracts on particular European indices in 2012 – top 15 contracts.
Turnover
Volume in
2012
(Jan-Dec)
No.
EXCHANGE
INDICE
1
EUREX
EURO STOXX 50
2
Liffe NYSE Euronext
CAC 40
315 179 597
38 092 777
WSE Public Relations:
Błażej Karwowski - Director, WSE Press Spokesman: [email protected], +48 22 537 74 71
Anna Wiśniewska: +48 22 537 77 17, +48 607 774 060, [email protected]
Marta Grajeta: +48 22 537 77 66, +48 603 369 699, [email protected]
Olga Chądzeńska: +48 22 537 78 99, +48 603 366 808, [email protected]
Martyna Makiel: +48 22 537 7089, +48 605 470 938, [email protected]
3
EUREX
DAX
37 409 537
4
Liffe NYSE Euronext
FTSE 100
32 619 662
5
OMX
OMXS30
32 021 381
6
Liffe NYSE Euronext
AEX
10 476 310
7
EUREX
EURO STOXX® Banks
8
WSE
WIG20
9
EUREX
SMI
8 942 315
10
ITALY
FTSE MIB
5 943 504
11
NORWAY
OBX
5 017 556
12
SPAIN
IBEX 35
4 745 067
13
ITALY
FTSE MIB Mini
2 881 040
14
SPAIN
IBEX 35 Mini
2 424 766
EUREX
STOXX® Europe 600 Banks
1 852 717
15
9 565 474
9 077 040
Source: exchanges websites
Table No. 3
Turnover volumes of options on particular European indices in 2012 – top 15 options.
Turnover Volume in
2012
(Jan-Dec)
No.
EXCHANGE
INDICE
1
EUREX
EURO STOXX 50
2
EUREX
DAX
51 558 088
3
EUREX
KOSPI 200
32 402 451
4
Liffe NYSE Euronext
FTSE 100
17 146 155
5
Liffe NYSE Euronext
AEX
15 490 211
6
OMX
OMXS30
9 587 768
7
Liffe NYSE Euronext
CAC40
4 996 392
8
EUREX
SMI
4 287 524
9
SPAIN
IBEX 35
4 206 058
10
EUREX
EURO STOXX® Banks
3 922 934
11
ITALY
FTSE MIB
2 857 034
12
NORWAY
OBX
WSE
WIG20
14
EUREX
RDX® USD Index
542 989
15
EUREX
STOXX® Europe 600 Banks Options
316 343
13
280 610 954
802 028
715 364
Source: exchanges websites
WSE Public Relations:
Błażej Karwowski - Director, WSE Press Spokesman: [email protected], +48 22 537 74 71
Anna Wiśniewska: +48 22 537 77 17, +48 607 774 060, [email protected]
Marta Grajeta: +48 22 537 77 66, +48 603 369 699, [email protected]
Olga Chądzeńska: +48 22 537 78 99, +48 603 366 808, [email protected]
Martyna Makiel: +48 22 537 7089, +48 605 470 938, [email protected]
###
Derivative instruments are the most effective tool which can be used to manage specific
risks. Derivatives based on indices and single stocks can be used to manage market risk,
for instance to hedge an existing equities portfolio against a decrease in value. Currency
futures can be used to hedge against the risk of disadvantageous changes of an
exchange rate. This means that derivatives can be used for instance by entities which
hold specific currency positions with respect to the following exchange rates: USD/PLN,
EUR/PLN, CHF/PLN. Particularly important are options, which provide great flexibility in
building hedging strategies. The WSE lists options which expire on four different dates;
many series of call and put options with different strike prices are available for each
expiry date. The diversity of available instruments opens great opportunities for hedging
strategies. Options can be used to build hedging strategies according to different market
scenarios and at a different cost of hedging.
Derivative instruments are also an effective investment tool. Derivatives can be profitable
when the value of the underlying instrument increases or decreases. Investments in
derivatives involve a high leverage. Again, options are particularly important due to their
flexibility. Options can be used not only to invest in an expected change of value of the
underlying instrument but also a change of market volatility etc. Arbitrage strategies,
employed mainly by institutional investors, are a special variety of investment strategies.
###
WSE Public Relations:
Błażej Karwowski - Director, WSE Press Spokesman: [email protected], +48 22 537 74 71
Anna Wiśniewska: +48 22 537 77 17, +48 607 774 060, [email protected]
Marta Grajeta: +48 22 537 77 66, +48 603 369 699, [email protected]
Olga Chądzeńska: +48 22 537 78 99, +48 603 366 808, [email protected]
Martyna Makiel: +48 22 537 7089, +48 605 470 938, [email protected]