Core Viewpoint - The first comprehensive ranking of global futures exchanges has been released by Fudan University, highlighting the rapid growth of China's commodity trading scale and the narrowing gap between domestic exchanges and global leaders, with the Shanghai Futures Exchange emerging as a key player [1][5]. Group 1: Ranking and Evaluation System - The ranking is based on a newly developed comprehensive evaluation index system that includes multiple dimensions such as functional performance, governance performance, and macro performance [1][2]. - The evaluation covers 16 established and influential futures exchanges globally, with a focus on the period from 2016 to 2025 [2]. - The top three exchanges in the 2025 ranking are the Chicago Mercantile Exchange Group, Intercontinental Exchange, and Hong Kong Exchanges and Clearing [2]. Group 2: Product Innovation and Market Trends - The Shanghai Futures Exchange has launched several innovative futures products, including the first domestic recycled metal futures and the world's first cultural paper futures, expanding its offerings to 25 futures and 18 options products across various sectors [2][3]. - The global commodity futures exchange industry is experiencing significant growth, with a more than 60% increase in trading volume over the past five years and an annual compound growth rate exceeding 10% [3]. - The trend towards innovation is driven by the global shift towards green and low-carbon economies, prompting exchanges to focus on new technologies and energy developments [3]. Group 3: Risk Management and Future Recommendations - The unique regulatory framework of China's futures exchanges has effectively mitigated price volatility, providing stable price signals and demonstrating robust operational advantages [3]. - Future recommendations for the Shanghai Futures Exchange include accelerating the launch of more international products, simplifying participation processes for foreign investors, and enhancing the global promotion of "Shanghai prices" to improve competitiveness [4].

11月28日（周五）上午，芝加哥商业交易所集团（CME，以下简称芝商所）官网发布多份通知表示，因 CYRUSONE数据中心出现冷却问题，CME的商品期货和期权交易在暂停交易。 芝商所官方网站，在北美中部时间20:40分（北京时间10时40分）开始陆续发出多份通知，指出芝商所Globex 期货与期权市场、EBS市场、BMD棕榈油期货等大宗商品衍生品等交易暂停，理由是"技术原因"，预计该问题 将在短期内得到解决。 芝哥所驻新加坡发言人在一封电子邮件声明中表示："由于CyrusOne数据中心的冷却系统出现问题，我们的市 场目前暂停交易。支持团队正在努力尽快解决问题，并将尽快向客户公布开盘前交易详情。" 目前，包括原油、棕榈油、黄金等在内的诸多期货合约受到影响。在国内多个期货交易软件界面上，上述多个 合约的最后更新交易时间为北京时间上午10时48分。截至券商中国记者发稿，并没有得到更新和解决。 CyrusOne是一家总部位于美国得克萨斯州达拉斯的知名数据中心提供商，其在全球范围内拥有35个数据中 心。除了在美国的数据中心外，CyrusOne还在英国、德国、新加坡和荷兰等国家和地区设有数据中心。 根据CyrusOne对 ...

中经记者 郝亚娟 夏欣 上海、北京报道 11月25日，全球首个期货交易所综合排名由复旦大学经济学院正式发布。 该排名是由复旦大学经济学院院长、中国经济研究中心主任张军教授带领课题组编制，系首次针对期货 交易所进行的全方位、综合性、科学性量化评估，填补了该领域的空白。 排名结果显示，芝加哥商业交易所集团（CME）、洲际交易所（ICE）、香港交易所集团（HKEX）位 列全球前3位。在全球期货市场格局中，CME和ICE凭借其全方位的综合优势，以及在价格影响力、市 场流动性、产品多样性等方面的突出表现，连续多年位居全球期货交易所第一梯队。 《中国经营报》记者注意到，得益于我国大宗商品贸易规模的快速增长，境内商品期货交易所持续保持 追赶态势，与全球一流交易所的差距不断缩小，上海期货交易所跻身第二梯队前列。 复瑞渤集团相关负责人表示，上海期货交易所自2018年成功上市中国原油期货以来，不断推出国际化新 品种和QFI可交易品种，为全球大宗商品交易商提供了境外主体直接参与中国市场交易的机会，同时降 低了交易成本、优化了资源配置，也使交易策略和投资组合更为丰富。 从进一步丰富产品体系的角度，复瑞渤集团上述负责人期待上海期货交易 ...

Group 1 - The first comprehensive ranking of global futures exchanges was released by Fudan University, filling a gap in the field with a scientific quantitative assessment [1] - The ranking evaluates 16 influential futures exchanges using a multi-dimensional indicator system that includes capacity, governance, and macro performance [1][4] - The evaluation framework consists of 11 secondary indicators and 30 quantifiable metrics, assessing aspects such as price influence, risk management, and service capabilities [1] Group 2 - The 2025 ranking results show that CME, ICE, and HKEX are the top three global futures exchanges, with CME and ICE maintaining their leading positions due to their comprehensive advantages [2] - The rapid growth of China's commodity trade has allowed domestic futures exchanges to narrow the gap with global leaders, with Shanghai Futures Exchange entering the second tier [2] - In the Asia-Pacific region, HKEX and Shanghai Futures Exchange lead in commodity business, reflecting the regional market dynamics [2] Group 3 - The global commodity futures exchange industry is experiencing significant growth, with trading volumes increasing over 60% in the past five years and an annual compound growth rate exceeding 10% [3] - Innovation is on the rise, with exchanges focusing on new technologies and renewable energy, leading to the launch of various new futures products [3] - The macroeconomic environment presents challenges for risk management, as geopolitical events have caused significant price volatility in commodity markets [3]