Page 14 - 期货和衍生品行业监管动态（2025年3月刊）

期货和衍生品行业监管动态

完整分析报告详见 FIA MarketVoice。

FIA Releases Findings from Derivatives Industry Survey (2025/3/6)

 Text Survey reveals industry sentiment on outlook for trading activity,

clearing competition and market structure

 Political instability and conflict seen as most important driver for trading

activity worldwide

 Industry wary of trend toward vertical integration, positive on growth

potential in commodities

FIA today released the findings from a survey of brokers, trading firms,

exchanges and other participants in the global derivatives markets.

The survey, which was conducted in January by Crisil Coalition Greenwich on

behalf of FIA, assessed industry sentiment on the outlook for trading activity at the

global level and gathered views on the likely drivers for trading activity going

forward.

The survey also assessed industry sentiment on several current issues affecting

market structure, including competition among clearinghouses in the US Treasury

securities market, the growth of prediction markets, and the trend towards vertical

integration.

Outlook for trading activity

One of the key findings was that a majority of the survey respondents expect

trading activity to rise in 2025, mainly because of political instability and geopolitical

conflict. Although economic fundamentals generally drive derivatives trading, the

survey respondents put a higher weight on political instability and geopolitical

conflict as driving trading activity going forward.

Looking specifically at the US, the survey respondents flagged the threat of

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