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Over the past years, derivatives markets play vital role in financial system and greatly contribute to various aspects of an economic growth. A positive contribution of derivatives markets on economic growth in market economy in developing country is less evident with more recent data. This paper investigates the dynamic relationship between financial derivatives market and economic growth in Indonesia. We use a Granger-Causality test in framework of Vector Autoregression (VAR) and Impulse Response Function (IRF) through Vector Error Correction Model (VECM) to examine this casual and dynamic relation for the period of 2015Q1 to 2018Q4. Derivatives market has a significant negative effect in the long run on economic growth in Indonesia but has a positive effect in the short term. We also found that response received by economic growth due to derivatives market shock is convergence, it tends to be negatively affected and then changes to positive. The response due to shocks given will eventually disappear so that the shock does not leave a permanent effect.