摩根大通：交易所交易量更新9月27日至10月3日当周_中东局势升级推动能源衍生品交易量上涨

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies [1]. Core Insights - The report highlights a significant increase in energy trading derivatives volumes due to geopolitical tensions, particularly the conflict involving Iran and Israel, which has led to a spike in oil prices [2][5]. - Average daily volumes (ADV) for energy derivatives, specifically WTI and Brent futures, increased by approximately 20% to 30% week-over-week (WoW) [2]. - CME trading volumes rose by 11.9% WoW, driven by higher equities volumes, with a quarter-to-date (QTD) increase of 3.9% compared to the full quarter of 4Q23, led by a 55.0% increase in energy and a 34.6% increase in agricultural commodities [2][5]. - ICE futures and options volumes increased by 1.5% WoW, with a year-over-year (YoY) increase of 44.8%, primarily due to an 80.8% rise in oil volumes [2][5]. - Cboe VIX options and futures volumes saw a QTD increase of 39.2% and 5.9% YoY, respectively, while SPX options volumes decreased by 10.6% QTD [2][5]. - US cash equities volumes decreased by 8.8% WoW, but QTD volumes are up 9.6% YoY, with Cboe's market share expanding to 11.3% [2][5]. - US cash Treasuries volumes increased by 25.6% YoY, with cash investment grade credit volumes up 34.7% YoY and high yield credit volumes up 29.1% YoY [2][5]. Summary by Sections Energy Trading - Energy derivatives volumes surged due to geopolitical events, with WTI and Brent futures ADV increasing by 20% to 30% WoW [2]. - CME QTD volumes for energy are up 55.0% compared to the previous quarter [2][5]. - ICE QTD volumes for oil increased by 80.8% YoY [2][5]. Equity Markets - US cash equities volumes fell by 8.8% WoW, but QTD volumes are up 9.6% YoY [2][5]. - Cboe's market share for cash equities expanded to 11.3% [2][5]. Options and Futures - Cboe VIX options and futures volumes increased significantly, with QTD VIX options up 39.2% [2][5]. - SPX options volumes decreased by 10.6% QTD [2][5]. Treasury and Credit Markets - US cash Treasuries volumes increased by 25.6% YoY [2][5]. - Cash investment grade credit volumes rose by 34.7% YoY, while high yield credit volumes increased by 29.1% YoY [2][5].