MGEX, a Designated Contract Market (DCM) and DerivativesClearing Organization (DCO), reports its highest volume month in the history of the Exchange, coming in at 489,905 contracts traded. This surpasses the previous June by 99 percent and the previous monthly record set in November 2015 by 80 percent.
“MGEX is proud it can continue to provide a reliable marketplace for users to manage their risk while circumstances remain uncertain for market participants,” said Mark G. Bagan, President & CEO, MGEX. “Producers specifically in the growing regions of the North American Hard Red Spring Wheat contract are experiencing volatile times with extreme weather conditions impacting their crops.”
MGEX reports the following activity during the month of June:
- Best daily volume: June 29, 2017 – 37,391 contracts
- Second best daily volume: June 30, 2017 – 33,816 contracts
- Best daily open interest: June 20, 2017 – 103,543 contracts
- Best options month: June 2017 – 26,146 contractso
- More options traded in June 2017 than in all of 2016
- 14 top 25 daily volume records
- 16 top 25 open interest records
Total volume for the year now stands at 1,542,789 contracts, which is 37 percent higher than at this time last year. Open interest following Friday’s activity was 98,673 contracts, making it the 8th best day.
To view MGEX volume and open interest records, please visit www.mgex.com and seelink on the right hand side.
