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MGEX, a Designated Contract Market and Derivatives Clearing Organization, today announced calendar year to date volume increased by 22 percent over the same period a year ago. Through September, total Hard Red Spring Wheat (HRSW) trading volume reached 1,506,617 contracts, a 22 percent increase over the same period a year ago. HRSW futures volume year to date was up 21 percent to 1,470,034 contracts, while HRSW options volume moved sharply higher, up 63 percent over the same period a year ago.
September monthly options volume soared 140 percent over September 2010 to 4,348. HRSW futures volume in September reached 118,553 contracts traded.
September was also a successful electronic volume month for MGEX, marking the eighteenth highest monthly electronic trading volume in Exchange history. September 30 volume helped fuel the monthly electronic record. It was a top 20 electronic volume day with 12,392 contracts traded.
“The increase in calendar year volume is a testament to the vision of MGEX,” Mark G. Bagan, President & CEO, MGEX said. “While we are positioned very well for future business expansion, MGEX is committed to growing our flagship spring wheat contract to ensure it remains a viable risk management product for the worldwide wheat industry,” Bagan said.
Complete volume and options information is available at www.mgex.com.
