MGEX announces strong year-to-date, September volume

by World Grain Staff
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MINNEAPOLIS, MINNESOTA, U.S. — MGEX announced on Oct. 3 that its calendar year-to-date volume has increased by 22% over the same period a year ago. MGEX said that through September, total Hard Red Spring Wheat (HRSW) trading volume reached 1,506,617 contracts, a 22% increase over the same period a year ago. HRSW futures volume year to date was up 21% to 1,470,034 contracts, while HRSW options volume moved sharply higher, up 63% over the same period a year ago.

September monthly options volume soared 140% over September 2010 to 4,348. HRSW futures volume in September reached 118,553 contracts traded.

MGEX said that September was also a successful electronic volume month, marking the 18th highest monthly electronic trading volume in MGEX history. Sept. 30 volume helped fuel the monthly electronic record. It was a top 20 electronic volume day with 12,392 contracts traded.

“The increase in calendar year volume is a testament to the vision of MGEX,” Mark G. Bagan, president and chief executive officer, MGEX said. “While we are positioned very well for future business expansion, MGEX is committed to growing our flagship spring wheat contract to ensure it remains a viable risk management product for the worldwide wheat industry.”
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