ТЕНДЕНЦІЇ БІРЖОВОЇ ТОРГІВЛІ ДЕРИВАТИВНИМИ КОНТРАКТАМИ НА АЗІЙСЬКИХ ОРГАНІЗОВАНИХ ТОВАРНИХ РИНКАХ

The article defines the current state and development trends of Asian organized commodity markets and the main types of derivative contracts used by exchanges in this geographical region. An analytical assessment of the main indicators of exchange trading in derivative contracts on Asian organized commodity markets is carried out in order to determine their transformational changes and promising derivative exchange contracts in conditions of geopolitical instability and increased price volatility. The importance of using exchange-traded derivative contracts on Asian organized commodity markets in ensuring competitive pricing and forecasting world prices is indicated. Statistics from the Futures Industry Association indicate an 8.4-fold increase in the number of contracts concluded on Asian exchanges over the past five years. In addition, with the outbreak of the war in Ukraine, there has been an even greater shift in business activity from American and European organized markets to Asian platforms. Thus, compared to the previous year, the growth of exchange trading on Asian organized markets in 2022 was 66%, in 2023 - 104%, and in 2024 - 64%. The structure of exchange trading in derivative contracts on Asian organized commodity markets is analyzed by the available types of underlying assets and exchange-traded futures contracts. A comparative assessment of the growth rates of exchange trading in financial and commodity derivative contracts on Asian commodity and stock exchanges is carried out. The prospects for Asian exchange trading in derivative contracts on organized commodity markets are determined. The main ones of which include the following: economic growth of Asia and its share in global GDP; growth in the share of investment capital of individual and institutional investors; increased accessibility to Asian organized commodity markets through regulatory reform, especially in China; shift in the share of trading from over-the-counter commodity markets to electronic exchange or organized commodity markets; evolution of exchange trading technologies on Asian exchange platforms and development of innovative products for commodity assets; diversification of exchange trading strategies with derivative contracts using commodity and financial assets.