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Electronic trading of futures and options on MGEX (Exchange) yesterday reached 9,789 contracts, making November 23 the fifth best electronic trading day in Exchange history. Trading of Hard Red Spring Wheat (HRSW) futures totaled 9,726, while 13 HRSW options traded electronically. Electronic trading of Soft Red Winter Wheat Index (SRWI) futures totaled 50 contracts.
Through November 23, 107,805 contracts traded electronically on the Exchange, making November 2009 the second-best electronic trading month in history with four trading days left in the month. Only June 2009 experienced more electronic trading when 119,902 contracts traded hands.
"We are pleased to see our market participants utilizing MGEX products in their risk management portfolios," Rita Maloney, Director, Marketing & Business Development, MGEX said. "We've already experienced record volume in November, indicating continued global interest in our Hard Red Spring Wheat and Soft Red Winter Wheat Index contracts," Maloney said.
On November 9, 2009 18,878 futures and options contracts traded on MGEX, the fifth best total volume day at the Exchange. It was also the best electronic volume day in Exchange history.
