2018年全球及中国期货市场成交量呈现稳定增长的特点，今后两年中国期货市场将继续回暖[图]

期货李子干 2019-03-21 05:52 来源：智研咨询

据FIA对全球衍生品交易所成交量的最新统计，2018年，全球期货及期权合约成交量302.8亿手，较上年增长20.2%，再创历史新高。

2008-2018年全球期货及期权合约成交量：亿手

资料来源：FIA、智研咨询整理

分交易所看，2018年，芝商所、印度国家证券交易所依然处在全球衍生品交易所成交量排名的前两位，成交量分别为48.4亿和37.9亿手，同比分别增长18.5%和53.7%。巴西交易所成交量大增42.3%至25.7亿手，超越洲际交易所排在第3位。洲际交易所成交量24.7亿手，同比增长16.41%，居于第4位。

2017-2018年全球期货交易所排名

排名	交易所	2018年	2017年	同比变化
1	CME Group	4,844,856,880	4,089,345,897	18.48%
-	Chicago Mercantile Exchange	2,259,630,942	1,891,568,238	19.46%
-	Chicago Board of Trade	1,778,590,729	1,408,034,345	26.32%
-	New York Mercantile Exchange	652,470,369	653,295,150	-0.13%
-	Commodity Exchange (COMEX)	153,713,320	136,012,283	13.01%
-	Eris Exchange 1	451,520	435,881	3.59%
2	National Stock Exchange of India	3,790,090,142	2,465,333,505	53.74%
3	B3	2,574,073,178	1,809,358,955	42.26%
4	Intercontinental Exchange	2,474,223,217	2,125,404,062	16.41%
-	ICE Futures Europe	1,276,090,376	1,166,947,836	9.35%
-	NYSE Arca 2	460,113,644	302,568,725	52.07%
-	NYSE Amex 2	389,866,979	293,548,459	32.81%
-	ICE Futures U.S.	342,613,160	354,504,852	-3.35%
-	ICE Futures Canada 3	2,973,036	5,545,879	-46.39%
-	ICE Futures Singapore	2,566,022	2,288,311	12.14%
5	CBOE Holdings	2,050,884,142	1,810,195,197	13.30%
-	Chicago Board Options Exchange 2	1,283,269,272	1,132,457,708	13.32%
-	BATS Exchange 2	422,706,669	409,693,613	3.18%
-	C2 Exchange 2	150,923,570	141,207,528	6.88%
-	EDGX Options Exchange 2	118,429,304	52,844,958	124.11%
-	CBOE Futures Exchange	75,555,327	73,991,390	2.11%
6	Eurex	1,951,763,081	1,675,898,310	16.46%
7	Nasdaq	1,894,713,045	1,676,626,292	13.01%
-	Nasdaq PHLX 2	724,170,578	641,637,538	12.86%
-	Nasdaq Options Market 2	428,650,957	340,852,645	25.76%
-	International Securities Exchange 2	402,504,406	334,888,824	20.19%
-	International Securities Exchange Gemini 2	205,043,832	191,019,945	7.34%
-	Nasdaq Exchanges Nordic Markets	87,272,887	86,420,359	0.99%
-	Nasdaq NFX	22,012,655	49,108,109	-55.18%
-	Nasdaq Boston 2	17,424,846	23,967,125	-27.30%
-	International Securities Exchange Mercury 2	5,982,457	5,731,749	4.37%
-	Nasdaq Commodities	1,650,427	2,823,651	-41.55%
-	Nasdaq NLX	0	176,347	-100.0%
8	Moscow Exchange	1,500,375,257	1,584,632,965	-5.32%
9	Korea Exchange 4	1,408,257,756	1,015,335,674	38.70%
10	Shanghai Futures Exchange	1,201,898,093	1,364,243,528	-11.90%
-	Shanghai Futures Exchange	1,175,388,670	1,364,243,528	-13.84%
-	Shanghai International Energy Exchange 5	26,509,423	n/a	n/a
11	BSE	1,032,693,325	609,215,973	69.51%
-	BSE	1,022,757,747	608,434,204	68.10%
-	India International Exchange	9,935,578	781,769	1170.91%
12	Dalian Commodity Exchange	981,927,369	1,101,280,152	-10.84%
13	Zhengzhou Commodity Exchange	817,969,982	586,070,148	39.57%
14	Hong Kong Exchanges and Clearing	480,966,627	372,186,941	29.23%
-	Hong Kong Exchanges and Clearing	296,183,076	214,845,348	37.86%
-	London Metal Exchange	184,783,551	157,341,593	17.44%
15	Miami International Holdings 2	421,320,501	232,223,967	81.43%
-	MIAX Pearl 2 6	220,609,083	41,070,094	437.15%
-	MIAX Options 2	200,711,418	191,153,873	5.00%
16	Japan Exchange	388,302,535	322,408,620	20.44%
17	Taiwan Futures Exchange	308,083,576	265,705,669	15.95%
18	ASX	248,003,922	248,449,405	-0.18%
-	ASX 24	160,313,011	147,871,580	8.41%
-	ASX	87,690,911	100,577,825	-12.81%
19	Borsa Istanbul	236,393,421	146,122,348	61.78%
20	Multi Commodity Exchange of India	230,339,630	198,614,562	15.97%
21	TMX Group	218,987,586	183,171,887	19.55%
-	Montreal Exchange	112,193,082	96,267,503	16.54%
-	Boston Options Exchange 2	106,794,504	86,904,384	22.89%
22	Singapore Exchange	217,387,520	178,374,785	21.87%
23	Rosario Futures Exchange	192,340,218	150,138,251	28.11%
24	JSE Securities Exchange	190,696,069	382,944,302	-50.20%
25	Euronext	149,254,141	140,276,927	6.40%
26	Thailand Futures Exchange	104,422,200	78,990,574	32.20%
27	Tel-Aviv Stock Exchange	48,107,098	46,641,131	3.14%
28	London Stock Exchange Group	46,105,494	42,437,707	8.64%
-	Borsa Italiana (IDEM)	36,236,792	34,151,018	6.11%
-	LSE Derivatives Market	9,868,702	8,286,689	19.09%
29	MEFF	43,502,213	44,576,977	-2.41%
30	Tokyo Financial Exchange	38,833,350	38,478,945	0.92%
31	China Financial Futures Exchange	27,210,053	24,595,938	10.63%
32	Tokyo Commodity Exchange	23,597,767	24,157,345	-2.32%
33	Dubai Gold & Commodities Exchange	22,260,136	17,439,658	27.64%
34	National Commodity & Derivatives Exchange	15,537,378	14,130,802	9.95%
35	Athens Derivatives Exchange	13,946,112	19,447,211	-28.29%
36	Malaysia Derivatives Exchange	13,726,567	14,015,364	-2.06%
37	North American Derivatives Exchange	12,323,287	10,416,392	18.31%
38	Metropolitan Stock Exchange of India	10,283,909	19,807,967	-48.08%
39	Oslo Stock Exchange	9,432,118	10,795,102	-12.63%
40	Asia Pacific Exchange 7	8,523,228	n/a	n/a
41	BMV Group	8,331,508	11,031,286	-24.47%
42	Warsaw Stock Exchange	8,163,654	7,623,156	7.09%
43	OneChicago	7,066,292	14,929,997	-52.67%
44	Budapest Stock Exchange	6,703,976	7,021,245	-4.52%
45	Pakistan Mercantile Exchange	2,490,226	3,156,470	-21.11%
46	Minneapolis Grain Exchange	2,335,284	2,799,365	-16.58%
47	Dubai Mercantile Exchange	1,237,175	1,575,427	-21.47%
48	Bolsa de Valores de Colombia	1,064,802	1,116,028	-4.59%
49	Mercado a Termino de Buenos Aires	713,360	282,630	152.40%
50	New Zealand Futures Exchange	345,651	311,675	10.90%
51	Osaka Dojima Commodity Exchange	230,247	339,521	-32.18%
52	Indonesia Commodity & Derivatives Exchange	171,672	234,030	-26.65%
53	LedgerX 8	31,324	4,513	594.08%
-	The Order Machine	0	8,973,120	n/a
-	OCC	n/a	n/a	n/a

资料来源：FIA、智研咨询整理

2008-2018年全球期货及期权分类别成交量（亿手）

年份	股指	个指	利率	外汇	能源	非贵金属	农产品	其他	贵金属	总计
2008	64.88	55.12	32.02	5.96	5.82	1.99	8.95	0.45	1.57	176.76
2009	63.82	55.89	24.64	9.91	6.58	4.63	9.28	1.14	1.51	177.40
2010	74.16	62.95	31.96	25.26	7.24	6.44	13.06	1.38	1.75	224.19
2011	84.63	70.63	34.56	31.47	8.14	4.35	9.97	2.30	3.42	249.46
2012	60.49	64.70	28.93	24.35	9.02	5.54	12.54	2.53	3.19	211.29
2013	68.30	49.47	33.44	24.97	13.15	6.46	12.11	3.46	4.34	215.71
2014	73.39	49.44	33.00	21.23	11.61	8.73	13.88	3.54	3.71	218.53
2015	83.40	49.45	32.63	27.85	14.11	12.81	16.40	8.20	3.17	248.01
2016	71.18	45.58	35.19	30.73	22.14	18.77	19.32	6.16	3.12	252.20
2017	75.16	47.54	39.68	29.84	21.71	17.40	13.06	4.80	2.79	251.99
2018	99.83	57.88	45.54	39.29	22.38	15.23	14.88	4.89	2.91	302.82

资料来源：FIA、智研咨询整理

2008-2017年全球期货分类别成交量（亿手）

年份	利率	股指	外汇	能源	非贵金属	个指	农业	其他	贵金属	总计
2008	25.87	23.65	5.38	5.03	1.91	11.06	8.36	0.44	1.50	83.20
2009	19.40	21.67	9.50	5.92	4.57	9.47	8.82	1.14	1.39	81.89
2010	25.50	23.27	24.70	6.51	6.36	11.16	12.46	1.37	1.65	112.98
2011	28.01	26.39	28.50	7.35	4.27	11.87	9.24	2.30	3.29	121.22
2012	23.49	22.91	21.61	8.04	5.48	11.20	11.79	2.53	3.07	110.11
2013	27.87	24.07	21.67	11.79	6.40	10.50	11.45	3.46	4.20	121.40
2014	27.40	24.67	18.76	10.32	8.64	11.34	13.13	3.54	3.60	121.41
2015	26.96	28.38	23.14	12.69	12.72	14.04	15.59	8.19	3.07	144.78
2016	28.87	26.71	24.18	20.57	18.67	12.26	18.49	6.16	3.00	158.92
2017	31.84	25.04	21.63	20.05	17.30	12.84	12.26	4.80	2.67	148.43
2018	36.80	34.31	27.63	20.76	15.37	15.13	13.87	4.89	2.77	171.51

资料来源：FIA、智研咨询整理

2008-2017年全球期权分类别成交量（亿手）

-	利率	股指	外汇	能源	非贵金属	个指	农业	其他	贵金属	总计
2009	52.83	35.74	0.41	5.24	0.65	0.45	0.12	0.05	52.83	35.74
2010	63.38	39.30	0.56	6.46	0.73	0.59	0.10	0.08	63.38	39.30
2011	75.89	41.10	2.97	6.55	0.79	0.72	0.13	0.08	75.89	41.10
2012	51.72	39.35	2.73	5.44	0.98	0.75	0.12	0.07	51.72	39.35
2013	44.23	38.96	3.31	5.57	1.37	0.66	0.13	0.07	44.23	38.96
2014	48.73	38.10	2.46	5.60	1.29	0.75	0.11	0.09	48.73	38.10
2015	55.02	35.41	4.71	5.67	1.41	0.81	0.09	0.09	55.02	35.41
2016	44.47	33.32	6.55	6.32	1.57	0.83	0.12	0.10	44.47	33.32
2017	50.12	34.70	8.21	7.84	1.66	0.80	0.12	0.11	50.12	34.70
2018	65.52	42.51	11.66	8.74	1.62	1.01	0.14	0.11	65.52	42.51

资料来源：FIA、智研咨询整理

2018年期货合约成交量171.5亿手，同比增长15.6%；期权合约成交量131.3亿手，同比增长26.8%。值得一提的是，2018年全球期货及期权成交量增速为2010年以来的最高水平。

2009-2018年全球期货期权合约分类别成交量走势图

资料来源：FIA、智研咨询整理

2018年，我国期货市场成交整体呈回暖趋势。全国期货市场累计成交量30.11亿手，同比下降1.97%，累计成交额210.81万亿元，同比增长12.19%。

2011-2018年我国期货成交概况

资料来源：证监会、智研咨询整理

智研咨询发布的《2019-2025年中国期货行业市场深度调研及投资前景分析报告》内容显示，2018年我国商品期货交易数量为29.83亿手，年度交易金额为184.68万亿元；2018年我国金融期货交易数量为0.27亿手，年度交易金额为26.12万亿元。

2011-2018年我国商品及金融期货交易情况

资料来源：证监会、智研咨询整理

2018年螺纹钢期货年度交易数量为5.31亿手，豆粕期货交易数量为2.38亿手、铁矿石期货交易数量为2.36亿手。

2017-2018年部分期货品种成交数量排名

资料来源：证监会、智研咨询整理

2017-2018年我国期货细分品种交易数量统计表：手

品种	2017年成交总量	2018年成交总量
铜	54100135	51247050
铝	65423439	46618361
锌	91449266	92348782
铅	12509166	10203832
黄金	19478090	16123891
天胶	89341052	61845475
燃料油	1432	39268835
螺纹钢	702019499	530976610
线材	98	157334
白银	53111169	42250568
沥青	97440530	69802079
热轧卷板	103131555	86816386
镍	74154526	114818738
锡	2083571	2741587
漂白硫酸盐针叶木浆	-	8975314
强麦	377494	107031
棉花	26068232	58533251
白糖	61073198	64004805
PTA	140399689	170871552
菜籽油	25994757	35083678
早籼稻	1037	38199
甲醇期货（MA）	137007280	163897244
普麦	82	301
玻璃	41091381	25143634
油菜籽	1908	1354
菜籽粕	79736545	104361264
动力煤	30708183	48874599
粳稻（谷）	261	12608
晚籼稻	202	537759
硅铁	16278210	21563209
锰硅	24921207	18856010
棉纱	124156	1533644
鲜苹果	793933	99956445
豆一	26324058	22111727
豆二	42551	24476720
豆粕	162877864	238162413
玉米	127323949	66812732
豆油	57158378	54135551
线型低密度聚乙烯	61420753	36735543
棕榈油	68046475	44344644
聚氯乙烯	39000407	36362787
焦炭	40121040	69071834
焦煤	42194764	46465289
铁矿石	328743737	236491632
鸡蛋	37262376	19918457
细木工板（胶合板）	1286	689
中密度纤维板（纤维板）	1056	29630
聚丙烯	56691866	49349161
玉米淀粉	50433910	22613108
乙二醇	-	2323861
中质含硫原油	-	26509423
沪深300指数	4101114	7486825
5年期国债期货	2821334	1842894
10年期国债期货	11948981	8988739
上证50股指期货	2443580	4517259
中证500股指期货	3280929	4340243
2年期国债期货	-	34093