MGEX's May volume breaks record
by World Grain staff
MINNEAPOLIS, MINNESOTA, U.S. — MGEX announce on June 2 that its May 2014 volume was the highest in exchange history for that month. This is MGEX’s third consecutive month of record-breaking volume. All futures and options contracts traded totaled 162,863, a 4% increase over the previous record set back in 2011 and an 82% increase from May 2013.
MGEX’s electronic trades totaled 138,523, number 14 on the monthly electronic trading records. This is an 83% increase over May 2013 electronic trade volume. The exchange’s fiscal year-to-date volume is at 1,464,463, a 53% increase over last year at this time. Three months remain in this fiscal year.
MGEX said open interest remained high, with month-end open interest at 79,405, an 87% increase over May 2013. Ten total days in May made the top 25 daily open interest records.