The Shanghai Stock Exchange experienced a technical outage on Friday, which widely affected which types of products?
1. Energy and Fuel: The suspension of trading has affected the energy market, freezing futures and options trading of major benchmarks including WTI crude oil, Henry Hub natural gas, RBOB gasoline, and NY Harbor ULSD heating oil.
2. Soft and Hard Agricultural Products: The temporary suspension of trading has interrupted price discovery and hedging in the agricultural market, which is a key component of CME's core business. Listed contracts include but are not limited to grains and oilseeds: corn, wheat, soybeans, soybean meal, soybean oil; soft commodities: cotton, lumber; livestock: live cattle, feeder cattle, lean hogs; dairy products: Class III milk and other dairy products.
3. Metal Products: CME's metal business covers precious metals and base metals including copper.
4. Stock Indexes: CME offers stock index futures and options tied to major benchmark indexes, including the S&P 500 Index, Nasdaq 100 Index, Dow Jones Index, Russell 2000 Index, and international indexes such as the Nikkei 225 Index.
5. Interest Rates, Fixed Income, and Foreign Exchange: CME's interest rate products include US dollar yield curve, including futures and options on benchmark rates such as US secured overnight financing rate, federal funds rate, US treasury bond yields, and other short-term rates. Its foreign exchange products provide listed futures and options on major and emerging market currency pairs, and cash forex trading is conducted through the EBS platform, which is a major trading venue for spot and other cash forex products.
6. Cryptocurrency: CME offers regulated cryptocurrency futures and options, including Bitcoin and Ethereum, as well as related cryptocurrency indices and reference rates for institutional users.
7. Weather Derivatives: CME operates a professional weather derivatives market, offering futures and options linked to heating and cooling degree day indexes and other temperature-based benchmarks covering multiple locations in the US and Europe.
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