MINNEAPOLIS, MINNESOTA, U.S. – MGEX concluded its fiscal year on Sept. 1 and set new all-time records in both total volume and electronic volume.

Total volume finished the year at 2,278,559 contracts traded, a 13% increase over the previous record set a year ago. This marks the third time ever the exchange’s total volume has surpassed 2 million in a fiscal year, and the first time it has done so in back-to-back years.

“To accomplish such a milestone in consecutive years is a true testament to the market’s continued confidence in MGEX’s risk management products, as well as to MGEX’s commitment to expansion in the marketplace,” said Mark G. Bagan, president and chief executive officer, MGEX. “The success in terms of total exchange volume indicates a formidable step toward the future for both MGEX and for our membership.”

Electronic volume totaled 1,974,957 during the year, 12% higher than the previous record set during the 2010-11 fiscal year. Of the 12 months within the fiscal year, nine set new individual records for electronic volume.

MGEX also recorded its highest monthly volume ever, reporting 266,043 contracts from August. This breaks the monthly record set back in June.

The exchange has now set three consecutive monthly volume bests – for June, July, and August. Daily volume was consistently high during August, with 17 of the 21 trade dates recording a total volume of more than 10,000 contracts traded.

There were also nine top-25 volume days during the fiscal year, including the fourth-highest volume day in the history of the exchange on June 29. Of the current top 25 electronic volume days, 10 occurred during the 2014-15 fiscal year.