Building on strong month over month volume growth, MGEX todayannounced February total Exchange volume increased 25 percent over January and electronic trading of Hard Red Spring Wheat (HRSW) futures and options was the 19th best electronic volume month in MGEX history.
February total Exchange volume reached 116,875 contracts traded with 101,344 contracts trading electronically. Futures trading of the flagship contract, Hard Red Spring Wheat (HRSW), totaled 114,782 contracts traded in February, a 26 percent increase over January futures volume.
The month over month volume growth comes on the heels of a 36 percent increase inJanuary over December.
MGEX also today announced the March 26 launch of MGEX-CBOT Wheat Spread Options. Market participants will have the ability to use these risk management tools which are based on MGEX HRSW futures and the Chicago Board of Trade (CBOT) soft red winter wheat futures. “MGEX is pleased to partner with CME Group in offering market participants another way to access our high protein Hard Red Spring Wheat contract,” Eric Delain, Corporate Council, MGEX said.
For complete volume and open interest information, visite www.mgx.com.