MINNEAPOLIS, MINNESOTA, US — MGEX, a designated contract market (DCM) and Derivatives Clearing Organization, set a second-best calendar year in history during 2020. A total of 2,766,442 contracts were traded.
It was also the best calendar year for electronic volume with a total of 2,476,313 contracts. MGEX also recorded that 2020 had the most total futures contracts traded in a year for the Exchange.
MGEX set another record in December as the best December in the history of the exchange with a total of 211,067 contracts. Compared to December 2019, December 2020 saw a 30% increase in total volume. Open interest at the close of market was recorded at 82,237 contracts, which is 23% higher compared to this time last year.
On Dec. 4, 2020, MGEX became a wholly owned subsidiary of MIAX’s parent holding company, Miami International Holdings (MIH).
MGEX, established in 1881, is one of the oldest trading venues in the United States and historically concentrated on trading in agricultural products, including hard red spring wheat contracts.