.jpg)
MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), concluded its fiscal year on Friday with a total volume of2,019,544, breaking the previous fiscal year volume record set in 2010-2011 and surpassing the previous fiscal year’s mark by 49 percent.
This is the second time ever that total volume for the Exchange has totaled more than two million in any given fiscal year. Additionally, each month during the fiscal year saw year-over-year growth. Total volume for the calendar year currently stands at 1,487,275, having already surpassed the total volume recorded during the entirety of 2013.
“Trading and clearing more contracts this fiscal year than ever before in MGEX’s long and distinguished history is a tremendous milestone for both MGEX and for our membership,” said Mark G. Bagan, President & CEO, MGEX. “The fact that each month throughout the fiscal year showed improvement over the year previous indicates the marketplace’s confidence in MGEX’s risk management products and MGEX’s strong commitment to expansion in the marketplace.”
The 2013-2014 fiscal year has six days in the top 25 daily exchange volume records – including the highest volume day in Exchange history on February 6. The fiscal year also has six months in the top 25 monthly exchange volume records. All of the current top 25 open interest days occurred during the 2013-2014 fiscal year.
In terms of electronic volume, eight of the top 25 monthly electronic volume months occurred within the last fiscal year. Furthermore, eight of the top 25 daily electronic volume records were set during the fiscal year.
More information on MGEX volume and open interest can be found at www.mgex.com.
