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The Minneapolis Grain Exchange (MGEX or Exchange) announced today that with the close of trading yesterday, it has exceeded the previous all-time record for electronic volume at the Exchange. Following the close of trading on Oct. 24, electronic volume totaled 51,854 contracts breaking the previous record of 50,755 set in August 2007.
In addition to growing electronic volume, the Exchange’s overall October volume is at a record175,002 contracts, which is 29-percent above the previous October record of 135,336 set in 2006. With four trading days remaining, October 2007 is already the fifth highest volume month in Exchange history and just 41,592 contracts away from being the top overall volume month.
“We’ve seen a steady increase in volume overall and specifically electronic volume,” said James D. Facente, Director, Market Operations, Clearing and IT. “What makes these records even more notable is that most of our previous record volume months were set during roll months as market participants were rolling some of their positions prior to delivery. The volume we’re seeing this month is yet another testimony to the increased interest and confidence the marketplace has in the MGEX and its contracts.”
Open interest at the MGEX continues to be strong as well with the top 20 open interest days occurring since Sept. 26, 2007.
A link to volume and open interest records is on the lower right corner of the MGEX website (www.mgex.com).
