and ICE Futures Canada increased by 11 262

The majority of the major exchanges of trade specialized in trade in derivatives of raw has not fully benefited in 2009, the rally of the courts intervened in the second quarter of last year. Most of them have experienced declines or stagnation of the treated volumes. The decline was more marked at the Japan where, on the first eleven months of 2009, the Tokyo Commodity Exchange (Tocom) suffered a fall in more than 30 over the same period of 2008.

Industrial crisis helping, the trend has been compromised in the first quarter, with volumes reduced by 40 to 50 compared with the first three months of the previous year. But the Tocom also crosses since 2003 a difficult password related to the development of other natural resources, in China, India Asian places and Singapore including. In particular, in 2009 three Chinese exchanges, the Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange saw trade leap by 58 in aggregate data, to 2.15 billion of contracts, according to the China Futures Association. Chinese raw awards are exclusively reserved to national actors. A similar flight was found in India, where the Multi Commodity Exchange (MCX) and its competitors registered an increase of 48.6 of the volumes treated eight month and a half orders to December 15. Once is not custom, the acceleration was led by agricultural products, great protagonists of the Indian trade awards. Here also, no foreign speaker is allowed.

The ICE drew its pin game

Among major Western markets, only the Intercontinental Exchange (ICE) fired his pin of the game. The volumes traded on its three regulated scholarships - ICE Futures Europe; ICE Futures U.S. and ICE Futures Canada - increased by 11, 262.3 million contracts. Jeffrey Sprecher, the pattern of the ICE, may particularly welcome the excellent performance of its US market, whose trade grew 15 percent on an annual basis despite the crisis. A central asset was represented by the significant improvement of the compensation services offered by the ICE OTC derivatives. Its direct competitor, CME Group, which brings together as the CBoT and Nymex, large two-seater acquired in recent years, has clearly suffered from the comparison. The increase in trading on the products of energy ( 7.7) failed to compensate for the decline of the other categories of contracts (including options) of raw materials and climate derivatives (-41,9).

However, it should keep in mind that these data are not constant perimeter, because a year earlier to finalized the merger with the Nymex and Comex metals division. The track is straightened the last two months of the year. Months that offer a more comparable basis with the equivalent period in 2008. In the last quarter, the increase in volumes traded on the energy and metals has registered growth in double-digit percentage.

Finally, the London Metal Exchange (LME) was almost equal game with 2008. The negotiations of the world of non-ferrous metals declined by 1 per cent in 2009. Two lighthouses, aluminum and copper products, have remained resilient despite the severe correction of the course of the beginning of the year. Tin made a spectacular jump. Exchanges on this non-ferrous have multiplied by more than three to 4.6 million, including options. On new steel contracts, their startup is very in softness.