MGEX Reports Best Volume Month in 31 Months
Date Posted: March 3, 2014
Minneapolis, MN—MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports February 2014 volume and open interest.
Total Exchange volume ended at 204,343 contracts traded, the sixth best month in Exchange history and a 56 percent increase over February 2013.
The last time volume broke 200,000 contracts in one month was June 2011.
Electronic volume came in at 175,303 contracts traded, the fourth best month in Exchange history.
February 2014 brought in several daily Exchange volume records as well, including the highest volume day in Exchange history reported on February 6 with 26,908 contracts traded.
The highest daily Exchange open interest record occurred on February 5 with 80,607 open contracts.
In addition to that day, five other days in February made the daily Exchange open interest top 25.
Hard Red Spring Wheat accounted for most of February’s volume with 201,794 futures contracts traded and 2,452 options contracts traded.
Apple Juice Concentrate accounted for 37 futures contracts and 60 options contracts traded.
Total Exchange month end open interest came in at 66,765 open contracts, a 59 percent increase over one year ago.
More information on MGEX volume and open interest can be found at www.mgex.com.