Group 1 - The global derivatives market is undergoing profound changes, with Asian exchanges emerging as dominant players in commodity trading [3] - Chinese exchanges have significantly increased their influence in the agricultural futures sector, holding four positions in the top ten global commodity exchanges as of 2023 [3] - From 2012 to 2024, Asian agricultural futures and options trading volumes have experienced exponential growth, establishing Asia as the core growth area for global agricultural derivatives trading [3] Group 2 - The Zhengzhou Commodity Exchange is presented with a substantial opportunity to enhance the international influence of bulk commodity pricing [3] - As market openness deepens and infrastructure improves, Chinese futures prices are expected to play a more critical role in the global bulk commodity pricing system, providing efficient and transparent pricing benchmarks and risk management tools for cross-border trade [3]

"作为交易所，我们有着明确的角色：提供标准化、透明且流动性强的工具，用于所有主要资产类别的 风险对冲，并充当价格发现与风险转移的中央市场。"蒂姆史密斯表示，清算所通过履约担保，保障交 易财务完整性，为市场稳定运行筑牢"安全防线"。 期货日报网讯(记者韩乐)8月19日，由郑州商品交易所、芝加哥商业交易所集团联合主办的2025中国(郑 州)国际期货论坛正式开启。在当日下午举行的对外开放论坛上，芝商所亚太区客户发展和销售服务部 董事总经理蒂姆史密斯(Tim Smith)强调了风险管理的重要性，并表示芝商所赋能金融市场参与者高效、 迅速地管理风险和优化交易机会，这一作用在不确定性和波动性加剧时期尤为关键。 在他看来，市场波动加剧考验全球金融体系的强度与韧性。此时，衍生品交易所通过提供透明、流动性 强且可靠的风险管理工具，在帮助维护市场稳定方面发挥着关键作用。 在蒂姆史密斯看来，中国期货市场与全球衍生品市场持续发展、创新，以满足各类机构(涵盖生产者、 消费者及整个金融业)不断变化且日益复杂的风险管理需求。"随着市场的发展，我们致力于创新，提升 透明度，开发风险管理所需的产品和工具。在经济及地缘政治持续存在不确定性的背景 ...

Group 1 - The 2025 China (Zhengzhou) International Futures Forum was co-hosted by Zhengzhou Commodity Exchange and Chicago Mercantile Exchange Group, emphasizing the importance of risk management in financial markets [1][3] - Tim Smith highlighted that the role of exchanges is to provide standardized, transparent, and liquid tools for risk hedging across major asset classes, acting as a central market for price discovery and risk transfer [3] - The increasing market volatility tests the strength and resilience of the global financial system, with derivative exchanges playing a crucial role in maintaining market stability through reliable risk management tools [3] Group 2 - The Chinese futures market continues to develop and innovate to meet the evolving and complex risk management needs of various institutions, including producers, consumers, and the entire financial industry [3] - The company is committed to innovation, enhancing transparency, and developing products and tools necessary for risk management amid ongoing economic and geopolitical uncertainties [3] - The focus remains on providing products, services, and efficient solutions to meet the risk management demands of global and Chinese clients [3]

Core Viewpoint - The forum emphasizes the importance of advancing the high-level institutional opening of the futures market to enhance international competitiveness and influence, while serving the high-quality development of the real economy [1] Group 1: Market Opening - The opening of the futures market is essential for enhancing the influence of commodity prices [1] - Promoting the opening of the futures market will provide more futures and options products to the international market, optimize market rules, and attract more foreign participants [1] - This approach aims to leverage both domestic and international markets and resources to enhance the influence of commodity prices [1] Group 2: Supporting Enterprises - The deepening of market opening is a crucial tool for supporting domestic and foreign enterprises in their international operations [1] - There is an increasing demand from domestic and foreign industrial chain enterprises for risk management and pricing services [1] - High-level opening of the futures market will provide more effective hedging tools for enterprises and establish fair price benchmarks for cross-border trade, contributing to the stability of global industrial and supply chains [1]

芝加哥商品交易所还提到，决定未来日本股市是否维持高位的两大因素分别为：日本央行的货币政策和关税冲击。目 前来看，日本股市存在调整风险，原因在于美日贸易谈判尚未取得进展，日本央行大概率按兵不动，但通胀的压力可 能迫使其要么加息，要么继续缩减资产购买计划，导致流动性收紧。 华福证券此前发布研报分析认为，日本货币政策转向进入加息周期对日本股市造成长期不利影响，并建议关注日本央 行加息节奏和美国关税政策落地情况，日本股市可能面临宽幅震荡。 【环球网财经综合报道】8月14日，日经225指数单日下跌1.45%报42649.26点，暂时止住了此前连创新高的上涨势头， 获利了结的抛盘大量涌出，投资者对股市过热的警惕情绪蔓延。 芝加哥商品交易所撰文分析认为，当前日本股市涨势趋缓，站在新一轮的十字路口。一方面，海外资金不断流入和日 本国民庞大的储蓄支撑日本股市；另一方面，多个不确定性因素来袭，如执政联盟在参议院选举中遭遇历史性失败、 关税带来的贸易萎缩、经济减速和财政扩大带来的通胀反扑。 ...

Core Points - CME Group has opened registration for the 22nd annual CME Group University Trading Challenge, scheduled from October 5 to October 31, 2025, with a registration deadline of September 25, 2025 [1][2] - The Trading Challenge provides an educational platform for undergraduate and graduate students to manage market risks and protect mock investment portfolios [2][3] - Since its inception 22 years ago, over 35,000 students have participated in the challenge, highlighting the growing interest among young people in financial markets [3][4] - Last year, the challenge saw a record participation of 570 teams, comprising approximately 2,300 students from 180 universities across 24 countries, with Indiana University winning the 2024 competition [4] - CME Group is dedicated to educating future finance professionals about global derivatives markets and risk management through various initiatives, including the Trading Challenge and educational resources like Futures Fundamentals [5][6]

Core Insights - CME Group has achieved record open interest (OI) in interest rate futures, reaching 40,031,688 contracts on August 13, 2025, with U.S. Treasury futures and options OI at 31,615,333 contracts and SOFR futures OI at 13,738,220 contracts [1][3] Group 1: Market Demand and Trends - The increase in open interest records in interest rate, U.S. Treasury, and SOFR contracts indicates a growing market need for risk management and price discovery across the yield curve [3] - CME Group's interest rate futures have reached a record of 3,526 large open interest holders (LOIH) as per the CFTC's report [2] Group 2: Client Benefits and Features - Clients can access $20 billion in daily margin savings across CME Group's interest rate products, enhancing capital efficiency [4] - U.S. Treasury and SOFR futures are eligible for portfolio margining with other cleared interest rate swaps and futures, as well as cross-margining with FICC-cleared cash U.S. Treasury notes, bonds, and certain Repo transactions [4] Group 3: Company Overview - CME Group is recognized as the world's leading derivatives marketplace, offering a wide range of global benchmark products across major asset classes, including interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals [5]

More than $4.3 million in scholarships granted since 2019 CHICAGO, Aug. 14, 2025 /PRNewswire/ -- CME Group Foundation today announced that 18 low-income, first-generation college students who are majoring in finance, technology and related fields have each been awarded up to $20,000 in scholarships, which are renewable for three years. Today, CME Group executives will host a Day of Recognition and Market Education for those receiving scholarships. Students will learn more about internship and career opportu ...

Core Insights - The article discusses the investment position of the analyst in CME shares, indicating a beneficial long position through various financial instruments [1]. Group 1 - The analyst expresses personal opinions regarding the investment without receiving compensation from any company mentioned [1]. - There is a clear distinction made that past performance does not guarantee future results, emphasizing the uncertainty in investment outcomes [2]. - The article highlights that the views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [2].

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum will focus on empowering the real economy and supporting national construction through high-quality development of the futures market, highlighting its essential role in risk management and economic stability [1][2]. Group 1: Forum Overview - The eighth edition of the forum will take place on August 19-20, 2025, in Zhengzhou, co-hosted by Zhengzhou Commodity Exchange and the Chicago Mercantile Exchange Group [1]. - The forum aims to gather government departments, regulatory agencies, industry associations, enterprises, financial institutions, and experts to discuss the development trends and innovative practices of the futures market in the current era [1][2]. Group 2: Importance of Futures Market - The futures and derivatives market serves as a "stabilizer" for the market economy and a "toolbox" for risk management, becoming indispensable in supporting the real economy and national strategies [1]. - In agriculture, the futures market stabilizes producers' income and strengthens food security, contributing to agricultural power construction [1]. - In manufacturing, it helps companies lock in raw material costs and mitigate price volatility risks, supporting the construction of a manufacturing powerhouse [1]. - The market also provides diverse hedging tools for international trade, enhancing the construction of a trade powerhouse [1]. Group 3: Industry Insights - The forum will address how to transform uncertainties in economic development into certainties, enhancing the quality of support for the real economy and national construction [2]. - High-level opening of the futures market is crucial for accelerating the construction of a "dual circulation" new development pattern and achieving Chinese-style modernization [2]. - Recent expansions in QFII and RQFII participation in commodity futures and options have broadened the market's openness, attracting foreign institutions and enhancing the international influence of Chinese futures prices [2]. Group 4: Forum Structure - The forum will feature four sub-forums focusing on key areas of national construction: foreign opening, risk management for industrial enterprises, agricultural products (oils and fats), and industrial products (polyester) [4]. - Notable speakers will include former Deputy Director of the State Council Development Research Center Yu Bin and other industry leaders, discussing topics such as the outlook for high-quality economic development and trends in the global derivatives market [4]. Group 5: Practical Implications - The forum is positioned as a platform for practical solutions, aiming to provide insights into risk management and industry upgrades through discussions and exchanges among participants [4][5]. - The event is expected to serve as a "booster" for the integration of futures and spot markets, contributing to national construction [5].