MGEX records second highest annual volume

by Holly Demaree
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MINNEAPOLIS, MINNESOTA, U.S. – The Minneapolis Grain Exchange (MGEX), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), said it has concluded its second-best calendar year volume of all-time, with a total volume of 2,185,098 contracts.

The year finished with high numbers once again, falling short of last year’s all-time record of 2,315,186 contracts. Five top 25 monthly volume records were reported throughout the year, which included the third best monthly volume when 260,405 contracts traded in August 2016. Nineteen daily Exchange open interest records were set during the year, including the all-time record of 87,186 contracts set on Feb. 12.

Electronic volume also concluded the year with high numbers, coming in at 1,878,132 contracts traded. The Exchange reported five top 25 monthly and three daily electronic volume records throughout the year, which included the eleventh highest daily electronic volume of 17,431 contracts occurring on Aug. 23.

In addition to recording the second highest annual volume, MGEX reported a total volume of 133,608 contracts during the month of December. This is the third consecutive year that total volume has surpassed 130,000 contracts during December. Open interest following Dec. 30, 2016, activity was 67,664 contracts.

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