TOKYO -- As derivatives trading continues to expand across the world, competition is heating up among securities exchanges vying to carve out a hefty share of this lucrative market.
Derivatives trading volume hit 25.2 billion contracts in 2016, a 2% increase from 2015, marking a record for the first time in five years, according to the Futures Industry Association in the U.S. Trading was brisk last year as investors sought to hedge their investments amid a slew of key political events, including the U.S. presidential election.
