MGEX sets new June trading volume records

by Staff
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MINNEAPOLIS, MINNESOTA, U.S. — MGEX on July 1 announced three new June volume records. June total trading volume for hard red spring wheat (HRSW) futures and options was 215,581 contracts, marking the best June volume ever at MGEX and the third highest volume month in the 130-year history of the exchange.

June electronic and futures trading volume records also fell during the month with electronic trading totaling 194,886 contracts and futures trading topping at 210,591 contracts. All three new records surpassed the previous marks set in June 2010.

The new record volume was highlighted by a top trading day on June 8 when total volume reached 18,668 contracts and electronic volume hit 17,409 contracts traded.

“June marks the thirteenth consecutive month of year over year total monthly volume increases, dating back to June of last year,” Mark G. Bagan, president and chief executive officer, MGEX said. “Further, we continue to see growth in our Hard Red Spring Wheat options market.”

Trading of HRSW options in June experienced a significant increase, up 44% over the previous June to 4,990 options traded. Month end total open interest rose 24% over the previous June.
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