MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has concluded the 2nd-best October in its long history. The Exchange reports a total volume of 169,824 for the month, the highest October total since the record-setting month in 2007 and a 38 percent increase over last year’s total.
This marks the 10th-straight month that MGEX has reported a volume of more than 140,000, including every month of 2014. This is also the 15th month in a row that MGEX has reported year-over-year volume growth.
A new total electronic volume record was set for October, with 147,516 trades occurring this month.
Total volume for the calendar year is now 1,814,807, a 50 percent increase from this time a year ago. Open interest concluded the month at 69,467, which is also a 14 percent increase from 2013.
More information on MGEX volume and open interest can be found at www.mgex.com.