It was a good year trading for MGEX. This news release from the Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) says it 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 percent 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 & CEO, MGEX. “The success in terms of total exchange volume indicates a formidable step towards the future for both MGEX and for our membership.”
Electronic volume totaled 1,974,957 during the year, 12 percent higher than the previous record set during the 2010-2011 fiscal year. Of the 12 months within the fiscal year, nine set new individual records for electronic volume.
MGEX said 10 of the top 25 electronic trading days of all time occurred during the 2014-2015 fiscal year.