The chief executive of the Australian Securities Exchange has said the company will focus on expanding its derivatives business over the next 12 months, as regulatory efforts to overhaul the global swaps market gather pace in Asia Pacific.

During the exchange's annual results presentation this morning, ASX managing director and chief executive Elmer Funke Kupper said derivatives is "the business where the vast majority of our energy is going in 2014". The exchange is looking to exploit new rules that will see over-the-counter trades pushed onto exchanges and through clearing houses.