Global derivatives volumes traded on exchanges grew by over 7% in 2013 with greater activity in futures and options based on commodities and interest rates helping to reverse the previous year’s declines.

The latest adjusted figures from the World Federation of Exchanges, which cover trading across 51 trading venues, were boosted by the prospect of tapering in the US, which helped drive a 13.5% rise in the number of interest-rate contracts traded to 3.3 billion and increased trading of commodity derivatives in mainland China, where contract volume grew by 39%.