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CME Group, the Kansas City Board of Trade and the Minneapolis Grain Exchange announced today that KCBT and MGEX electronically traded products will be available on CME Globex® beginning Sunday, January 13, 2008.
"We are thrilled to be hosting two of the premier grain exchanges on CME Globex," said CME Executive Chairman Terry Duffy. "All of our customers will benefit from the opportunity to see prices from multiple exchanges on a single trading platform."
"The addition of KCBT and MGEX solidifies the well-deserved reputation that the CME Globex electronic trading platform is reliable and fast with extensive distribution," said CME Chief Executive Officer Craig Donohue. "Providing transactions services like this is a key part of CME Group's growth strategy."
"The Kansas City Board is pleased that all U.S. grains contracts will continue to trade on the same electronic system for the convenience of our members and market users," said KCBT President and CEO Jeff Borchardt. "We also realize and appreciate the benefits of the vast distribution and proven technology of the CME Globex system."
"The MGEX is excited to have our products on the CME Globex platform. The exposure to a new and broader trading audience will be beneficial to all agricultural commodities and the customers of those contracts," said Mark G. Bagan, President & CEO of the MGEX. "We also look forward to the expanded functionality that will be forthcoming with migration to this platform. This move will be truly beneficial to the market participants of our Exchange."
For more information on KCBT and MGEX products and trading hours, please go to http://www.kcbt.com/ and http://www.mgex.com/, respectively.
CME Globex is the world's leading trading platform offering more asset classes than any other electronic trading system. With six telecommunications hubs in Europe and Asia and more than 1,100 direct customer connections in more than 80 countries, in 2007 more than 5.3 million contracts traded a day on CME Globex.
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