Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Minneapolis Grain Exchange Sets Margins For New Contracts

Date 07/12/2004

Minneapolis Grain Exchange agricultural index futures and options will launch December 15th.

Hard Red Winter Wheat Index (HRWI)
Hard Red Spring Wheat Index (HRSI)
Soft Red Winter Wheat Index (SRWI)
National Corn Index (NCI)
National Soybean Index (NSI)
For contract specifications, click www.mgex.com

Beginning December 15th, hard red spring wheat futures and options will trade electronically from 7:32 p.m.-6:00 a.m.

Margin Requirements and spread credits have been approved by the Board of Directors:

  • Intra-market spreads=marked to the market.
  • Inter-commodity wheat spreads=100% spread credit.
  • MGEX side of inter-exchange spreads=100% spread credit

To view the MGEX margin requirements, click www.mgex.com

Free real-time quotes for the indexes will be available, for a limited time only, on the exchange website, www.mgex.com