MGEX shatters daily options volume record

by World Grain Staff
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MINNEAPOLIS, MINNESOTA, U.S. — MGEX announced on April 29 a new daily volume record for hard red spring wheat options (HRSW) was set during the April 28 session when 4,623 options contracts traded.

The new record is a 73% increase over the previous daily options volume record of 2,667 contracts set Feb. 8, 2008.

The brisk options trading resulted in options open interest increasing by 4,057 contracts to 11,398 and total MGEX open interest increasing to 69,794 contracts.

April 28 total futures and options volume was 17,932, the 11th highest daily exchange volume on record. April 28 electronic trading volume reached 12,743 contracts, the 10th highest in exchange history. April 2011 ranks as the eighth highest month for electronic volume with 136,151 contracts traded electronically.
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