MGEX has fourth highest electronic trading volume day

by World Grain Staff
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MINNEAPOLIS, MINNESOTA, U.S. — The Minneapolis Grain Exchange (MGEX), a designated contract market (DCM) and derivatives clearing organization (DCO), on July 22 recorded electronic futures and options trading volume of an estimated 12,820 contracts for its flagship Hard Red Spring Wheat (HRSW) contract.

The total marks the fourth highest electronic volume day in the history of MGEX. Total daily exchange volume was 13,849 contracts traded.

The daily electronic volume record was set on Nov. 9, 2009 when 18,592 futures and options contracts were traded electronically at MGEX. July 15, 2010 (17,255 contracts traded electronically) and June 14, 2010 (16,465 contracts traded electronically) are the only other trading days to record better electronic volume than today’s estimated mark of 12,820 contracts traded electronically.

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