Through this partnership, DTN will offer the agricultural indexes upon which MGEX will base new agricultural index futures and options contracts. DTN and MGEX customers will now have the ability to trade agricultural index futures and options based on country origin pricing provided by DTN. At the end of each month, the index futures and options contracts will settle financially to the DTN calculated indexes, with no threat of delivery. The MGEX agricultural index futures and options will trade electronically on the Chicago Board of Trade’s electronic trading platform – e-cbot® powered by LIFFE CONNECT®.
“We’re committed to developing innovative trading choices and the launch of the DTN
agricultural indexes helps to position DTN as an industry leader, while increasing the value we provide our customers,” said Robert Gordon, chief executive officer, DTN. “The
partnership with the Minneapolis Grain Exchange will further ensure our customers are
receiving the most relevant information possible before making a trading decision.”
The DTN agricultural indexes that will be offered to MGEX through this partnership include the Hard Red Spring Wheat Index (HRSI), Hard Red Winter Wheat Index (HRWI), Soft Red Winter Wheat Index (SRWI), National Corn Index (NCI) and the National Soybean Index (NSI). All the index contracts will trade electronically on one platform, allowing extensive opportunities for spread trading.
