MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced a new March trading volume of 155,068, a 34 percent increase over the previous record set in 2007 and a 68 percent increase over the year ago period.
New records were also set for March futures volume and options volume. March trading of the flagship Hard Red Spring Wheat (HRSW) futures contract totaled 150,606, surpassing the 2007 record by 34 percent. Last month’s futures trading total also represents a 66 percent increase over March 2010. HRSW options trading in March increased 137 percent over the year ago period and marked a new March options volume record of 4,462.
MGEX continued to see strong electronic trading with March 2011 shattering the former March record by 77 percent. A total of 136,858 contracts traded electronically last month. March 2011 electronic trading was the seventh best electronic trading month in Exchange history.
Fiscal year to date volume is 54 percent higher than the previous period. March open interest increased 35 percent over March 2010.
Complete volume and open interest information is available at www.mgex.com.