【10月21日CME黄金、白银、铜成交量及未平仓数据公布】10月22日消息，10月21日芝加哥商业交易 所相关数据显示：黄金期货成交量达577546手，较上一数据增加209220手；未平仓合约为473401手，较 上一数据减少2537手。白银期货成交量为171880手，较上一数据增加60619手；未平仓合约为169723 手，较上一数据减少2560手。铜期货成交量是61583手，较上一数据增加18516手；未平仓合约为258662 手，较上一数据增加2606手。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 ...

Core Insights - On October 21, the Chicago Mercantile Exchange released trading volume and open interest data for WTI crude oil, Brent crude oil, and natural gas [1] WTI Crude Oil - WTI crude oil futures trading volume was 787,121 contracts, a decrease of 18,139 contracts from the previous period [1] - Open interest for WTI crude oil was 1,997,905 contracts, a decrease of 10,297 contracts from the previous period [1] Brent Crude Oil - Brent crude oil futures trading volume was 160,767 contracts, an increase of 37,363 contracts from the previous period [1] - Open interest for Brent crude oil was 220,859 contracts, an increase of 822 contracts from the previous period [1] Natural Gas - Natural gas futures trading volume was 642,779 contracts, a decrease of 154,394 contracts from the previous period [1] - Open interest for natural gas was 1,682,050 contracts, a decrease of 24,242 contracts from the previous period [1]

Group 1 - CME Group is set to announce its Q3 2025 earnings on October 22, with projected revenue of approximately $1.53 billion, reflecting a 3% year-over-year decrease, and anticipated earnings of about $2.63 per share [2] - The exchange recorded its second-highest average daily volume (ADV) in Q3 2025, reaching 25.3 million contracts, with cryptocurrency contracts hitting a record quarterly ADV of 340,000 contracts [2] - CME Group has a current market capitalization of $96 billion, generating $6.4 billion in revenue over the past twelve months, with operating profits of $4.2 billion and net income of $3.8 billion [3] Group 2 - Historical data shows that over the last five years, CME Group had 20 recorded earnings data points, with positive one-day (1D) returns occurring about 45% of the time, increasing to 50% over the last three years [5] - The median of the 9 positive returns is 3.4%, while the median for the 11 negative returns is -1.8% [5] - A strategy to analyze the correlation between short-term and medium-term returns post-earnings can be employed, with a focus on pairs that show the highest correlation for trading decisions [6]

央行需求自2022年末以来一直是黄金上涨的关键推动力，但最新交易数据显示，投资需求如今已成为这 种贵金属的新动能引擎。 "随着市场参与者努力应对持续的经济不确定性，对避险资产的需求正在激增，"芝商所集团董事总经理 兼全球金属业务主管金·亨尼希（Jin Hennig）表示。 "全球客户继续通过我们的黄金期货和期权来对冲风险，并在这复杂环境中寻找机会，大型机构和零售 交易商共同推动了我们金属产品系列的纪录级交易活动。" 世界黄金协会数据显示，全球黄金支持交易所交易基金上周流入59.2吨黄金——这是自2020年3月以来 最大的单周增幅。 道富投资管理公司黄金策略主管阿卡什·多希（Aakash Doshi）近期接受Kitco新闻采访时指出，即便面 对创纪录需求，黄金仍是配置不足的资产。道富旗下运营着全球最大的黄金支持ETF——SPDR Gold Shares（GLD）。 "1月份GLD仍呈现资金外流。因此从这个角度看，尽管出现增长，黄金仍非超配资产。" 周一，芝加哥商品交易所集团（CME Group）宣布其金属合约总成交量于上周五达到创纪录的282.9666 万份合约，这一数字突破了两周前刚创下的214.899万份合 ...

Core Insights - CME Group Inc. is anticipated to experience a decline in both revenue and earnings for the third quarter of 2025, with revenues expected to be $1.54 billion, reflecting a 2.9% decrease year-over-year [1] - The consensus estimate for earnings per share is $2.63, indicating a year-over-year decrease of 1.8%, with a 3.3% downward revision in the past 30 days [2] Financial Performance Expectations - The third-quarter performance is likely to benefit from a diverse product portfolio, increased market volatility, and a strong market position [5][10] - Clearing and transaction fees are projected to be $1.2 billion, driven by higher trading volumes across asset classes [6] - Average daily volume for the quarter was reported at 25.3 million contracts, down 10% year-over-year, with specific increases in Agricultural and Metals ADV [7][10] Revenue Breakdown - Market data and information services revenues are expected to reach $179 million, a 0.5% increase from the previous year, while the Zacks Consensus Estimate is $196 million, indicating a 10.1% increase [8] - Total expenses are anticipated to rise to $505.6 million, reflecting a 3.4% increase year-over-year due to higher compensation and technology expenses [9]

特朗普反复无常的贸易政策，意外为伦敦金属交易所（LME）赋予了超越纽约竞争对手的优势。 分析师表示，这位美国总统对进口铜时断时续地征收关税，导致纽约商品交易所（Comex）铜价剧烈波动，并持续扭曲远期交割价格——因为该交易所的合 约包含了在美国需缴纳的所有关税或其他税费。 相比之下，在全球最大的基本金属交易所LME，交易的铜存储在全球各地的保税仓库中，尚未产生纳税义务。正如其首席执行官马修·张伯伦（Matthew Chamberlain）所言，LME能提供"不受关税波动影响的纯净全球价格"。 这一差异促使大量交易业务转向伦敦。过去三年，LME一直在努力从2022年镍危机的重创中恢复，而今年其核心基本金属合约交易量已出现增长。截至目 前，铜期货日均交易量较2024年同期上升4%。 与此同时，作为芝加哥商品交易所集团（CME Group）旗下规模较小的交易所，Comex今年前9个月的铜期货日均交易量较去年同期下降34%，这在很大程 度上是由关税不确定性导致的。 LME和Comex今年前9个月的铜期货日均交易量与去年同期的对比 交易员最初预计特朗普的关税将覆盖精炼铜，但7月底宣布的政策却将其排除在外；更令市场意外的 ...

曾被视为加密货币圈内小众实验的预测市场，正以前所未有的速度迈向主流金融世界。 最新的动作来自全球最大的衍生品交易所。据彭博报道，芝加哥商品交易所（CME Group Inc.）正计划在今年年底前，推出与体育赛事和经济指标挂钩的金 融合约。此举将使CME与Polymarket和Kalshi等新兴预测市场平台展开直接竞争。 这一举动引发了市场的直接反应。消息披露后，与CME合作的体育预测公司FanDuel的竞争对手DraftKings Inc.股价在盘后交易中一度下跌3.8%，而CME股 价则应声上涨。此前，加密预测市场平台Polymarket刚刚获得了纽交所母公司洲际交易所（Intercontinental Exchange Inc.）20亿美元的投资。 从亚文化动画片《南方公园》的调侃，到纽约街头的实时赔率大屏，再到华尔街顶级机构的战略布局，预测市场正从一个边缘化的金融工具，迅速演变为一 个融合了文化、金融和信息的新兴赛道。其能否真正成为第一个被大规模采用的去中心化金融（DeFi）应用，正成为市场关注的焦点。 "正规军"入场，传统交易所布局 传统金融巨头的入场，是预测市场走向主流化的最明确指标。 根据媒体报道 ...

Core Viewpoint - Analysts project that CME Group will report quarterly earnings of $2.63 per share, reflecting a year-over-year decline of 1.9%, with revenues expected to reach $1.54 billion, down 3% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 1.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Estimates - Analysts estimate 'Revenues- Other' at $110.22 million, indicating a year-over-year increase of 1% [5]. - 'Revenues- Clearing and transaction fees' are expected to be $1.25 billion, reflecting a decline of 3.3% year over year [5]. - The consensus for 'Revenues- Market data and information services' stands at $195.57 million, suggesting a year-over-year increase of 9.8% [5]. - 'Revenues- Clearing and transaction fees- Interest rates' are projected to reach $417.39 million, down 6.4% from the prior year [6]. - 'Revenues- Clearing and transaction fees- Foreign exchange' are expected to be $44.84 million, indicating a decline of 13.6% year over year [6]. Average Daily Volume Estimates - The average daily volume (including NYMEX and COMEX) is projected at 26.26 million, down from 28.29 million in the same quarter last year [7]. - 'Average daily volume - Metals (including NYMEX and COMEX)' is estimated at 844.53 thousand, up from 728.00 thousand year over year [7]. - 'Average daily volume - Interest rates (including NYMEX and COMEX)' is forecasted at 13.77 million, compared to 14.88 million in the previous year [8]. - 'Average daily volume - Equity indexes (including NYMEX and COMEX)' is expected to be 6.65 million, down from 7.41 million year over year [8]. - 'Average daily volume - Foreign exchange (including NYMEX and COMEX)' is projected at 936.02 thousand, down from 1.09 million in the same quarter last year [9]. - 'Average daily volume - Energy (including NYMEX and COMEX)' is expected to reach 2.36 million, down from 2.57 million year over year [9]. - 'Average daily volume - Agricultural commodities (including NYMEX and COMEX)' is projected at 1.70 million, compared to 1.61 million in the same quarter last year [10]. Market Performance - CME shares have changed by +0.7% in the past month, matching the +0.7% movement of the Zacks S&P 500 composite [11]. - With a Zacks Rank 4 (Sell), CME is expected to underperform the overall market in the near future [11].

Group 1 - CME Group is planning to launch financial contracts linked to sports games and economic indicators [2] - The new contracts aim to compete with existing prediction markets such as Kalshi and Polymarket [2] - The rollout of these contracts is expected by the end of the year through futures commission merchants [2]

加密货币期货总未平仓量，美元。来源：CoinGlass 上周五的加密货币市场崩盘导致行业内创纪录的740亿美元杠杆头寸被清算。专家指出，虽然价格在几小时内恢复了超过一半的跌幅，但期货未平仓量的损 害已经造成。这一剧烈波动触发了一个意外的市场格局转变，可能标志着非监管加密货币衍生品市场的"时代终结"。 芝商所BTC期货未平仓量，美元。来源：CoinGlass 数据显示，周三CME比特币期货未平仓量为162亿美元，较周五市场崩盘前的183亿美元下降了11%。相比之下，币安在同期经历了更为显著的22%跌幅。业 内分析人士指出，这一差异主要源于币安更高的杠杆比率、更广泛的交叉抵押品使用方式，以及其零售交易者占比明显更大的市场结构。 CME在四大加密货币的期货未平仓量达到了283亿美元，超过了币安的230亿美元和Bybit的122亿美元。 尽管CME在未平仓量方面领先，但非监管交易所在交易量方面仍占主导地位，尤其是在山寨币和永续期货方面。 随着交易者保证金不足，交易所面临大规模清算和自动减杠杆操作，这使得传统的芝加哥商品交易所（CME）在比特币（BTC）、以太币（ETH）、索拉 纳（SOL）和瑞波币（XRP）期货中取得 ...