The Minneapolis Grain Exchange is pleased to announce that Infinium Capital Management is now quoting the overnight Hard Red Spring Wheat (HRSW) options market. Quotes are expected in the system by 7:00 p.m. each night.
"Our goal is to initiate trading in the overnight HRSW options market to support our positions in the futures market," said Andy Gamboa of Infinium Capital Management.
According to Minneapolis Grain Exchange President & CEO Mark G. Bagan, the overnight quoting by Infinium is the start of a renewed marketing effort by the Exchange to increase volume in the HRSW options market. Bagan added that the Exchange broke several volume and open interest records over the 2006 calendar year in both HRSW futures and options and that the Exchange set a new calendar year volume record for HRSW futures that was 16-percent higher than 2005.
Anyone interested in trading the overnight HRSW futures and options market or who has questions about electronic trading should contact MGEX operations at 1-866-255-6439 (toll free) or 612-659-0554, or e-mail support@mgex.com for more details. Information is also available at www.mgex.com. About Minneapolis Grain Exchange MGEX, established in 1881, is the only market for Hard Red Spring Wheat, National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index (SRWI) futures and options. To learn more about the MGEX visit our website at www.mgex.com.
