On the matter of scale of the modern global derivatives market

the purpose of the article is to assess the scale of the modern global derivatives market taking into account the changes taking place in the modern world economy. The article analyses approaches to estimating the size of the global derivatives market within its over-the-counter and exchange segments. Various value estimates are presented, taking into consideration the changes in the global derivatives market in recent years that have influenced its scale. The contribution of the OTC and exchange markets is calculated in terms of the number of contracts concluded, the market value of contracts in circulation and the average daily turnover of instruments. Results: it is revealed that there is a disproportion between the exchange and OTC parts of the modern global derivatives market. Apart from that, forecasts regarding future market trends are made. It is concluded that at the present stage it is impossible to clearly regulate the derivatives market, primarily due to its relative opacity, which can result in difficulties in regulation as well as possible destructive impact of derivatives market. The results of the study can be helpful to professional investors using derivative financial instruments for their trading strategies executed within the financial market.

derivative financial instruments, derivatives, exchange-traded derivatives, over-the-counter derivatives, global derivatives market