The value of trades in the UK commercial property derivatives market has risen to more than £3.7bn

The value in the third quarter is up from £2.4bn in the previous three months, with £1.4bn of deals completed between July and the end of September.

The third quarter also saw the largest number of trades – 65 – out of 247 completed in all.

The majority of trades were done at the All Property level but the number of sector trades has grown.

Ian Cullen, IPD founding director, said: ‘It surely won’t be long before we see both futures and options traded on the IPD indices.’