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MGEX (Minneapolis Grain Exchange or Exchange), Wednesday, June 24, set a new monthly electronic futures and options trading volume record of 101,238, surpassing the previous record of 100,633 set in April 2009. The record was set with four trading days remaining in June.
MGEX posted six of its top 20 electronic trading days in June, with an all-time daily electronic record of 11,146 set on Wednesday, June 3.
The Exchange has already surpassed its fiscal year electronic futures and options trading record with 742,005 contracts traded in fiscal 2008-2009, breaking the previous record of 658,765 set in fiscal 2007-2008. Forty-seven trading days remain in the MGEX fiscal year.
“There is increasing interest in the commodity markets from investors,” Mark G. Bagan, President and CEO of MGEX said. “Volatility is bringing new players to the market, which translates into new opportunities for all market participants. Our June electronic trading volume reflects our market participants’ continued confidence in our Hard Red Spring Wheat contract. The accessibility of our risk management products on the CME Globex® trading platform allows that participation to come from the global marketplace.”
