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MGEX (Exchange), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today recorded estimated total electronic futures and options trading volume of 16,465, the second highest electronic trading volume in Exchange history. And with an estimated 18,189 total futures and options trading, today marks the seventh best total trading volume in Exchange history. Total trading volume includes futures and options trading of all MGEX contracts executed electronically, exchanged ex-pit and in the MGEX options trading pit where open outcry trading of the flagship Hard Red Spring Wheat (HRSW) contract is performed side-by-side with electronic options trading.
Today’s swift trade marks the fourth time this month MGEX recorded top five electronic trading volume records. The other top five days were June 8 when 12,262 contracts traded electronically, June 2 when 11,437 contracts traded electronically and June 11 when 11,395 contracts traded electronically.
The top electronic trading day at MGEX was recorded on November 9, 2009 when 18,592 total futures and options contracts traded electronically. November 9, 2009 marked the last time total Exchange volume cracked the top 10 when 18,878 total futures and options contracts traded. The single day record for total Exchange volume was set on April 25, 2005 when 23,630 total contracts traded.
"We are pleased to see the global marketplace’s continued use of MGEX products in their risk management portfolios and the record-breaking numbers that activity has translated into during June for our Exchange," Roger Hipwell, Vice President Business Development, MGEX said. "Weather and planting concerns in Canada as well as lower protein levels in hard red winter wheat are among the current market factors bringing additional liquidity to our marketplace," Hipwell said.
Complete volume and open interest information as well as daily market commentary is available on our website at www.mgex.com.
