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Could you please elaborate on what exactly qualifies as the world's top derivatives market? Is it measured by trading volume, number of participants, regulatory framework, or perhaps a combination of these factors? Additionally, how does this market differ from other leading derivatives exchanges globally? Also, are there any specific features or advantages that make it stand out as the number one? Could you provide insights into its historical development and current trends in the industry? Finally, how does this derivatives market contribute to the global financial system and what are its potential risks and challenges?
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