MGEX Sets Second Highest Daily Electronic Trading Volume Record

MGEX (Exchange), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced total electronic trading of futures and options today reached 11,437 contracts. This marks the second highest electronic trading volume day in Exchange history.

Trading of Hard Red Spring Wheat (HRSW) futures totaled 11,407 contracts, HRSW electronic options traded 15 contracts and Soft Red Winter Wheat (SRWI) futures traded 15 contracts. This surpasses total electronic volume of 11,146, set June 3, 2009 by 261 contracts. Total MGEX volume including exchange for risk (EFR) and exchange for physicals (EFP) for today is 12,116 contracts. June volume is off to a great start with 7,503 total contracts traded yesterday.

“Our market participants utilize MGEX products in their particular risk management strategies,” Joe Albrecht, Vice President of Business Development said. “The increased activity of EFR and EFP transactions adds to the overall market opportunities for MGEX customers.”