MGEX August 2013 Highest Volume Month in Two Years
Date Posted: September 3, 2013
Minneapolis, MNMGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports Sept. 3 August 2013 total Exchange volume at 169,809 contracts traded, the highest volume month since August 2011 and a 27 percent increase from August 2012.
This month is in the top 20 total monthly Exchange volume records and is also a top 15 record electronic volume month with 137,769 electronic contracts traded.
The Hard Red Spring Wheat (HRSW) contract accounted for 169,139 contracts traded; 166,793 futures contracts and 2,346 options contracts.
Month end open interest came in at 36,373 contracts.
The Apple Juice Concentrate (AJC) contract accounted for 670 contracts traded; 85 futures contracts and 585 options contracts.
Open interest was reported at 160 contracts.
A year from launch, the contract has seen month over month volume growth in ten of the past 12 months.
August 2013 marks the highest monthly volume for AJC, with a top volume day occurring on August 29 with 250 contracts traded.
Additionally, August marks the end of the MGEX fiscal year.
Fiscal Year 2012-2013 volume was up 9.7 percent from Fiscal Year 2011-2012, with ten of the 12 months reporting year over year volume growth.
Additionally, five of the top 25 record electronic volume months occurred in the 2012-2013 fiscal year.
More information on MGEX volume and open interest can be found at www.mgex.com.