MGEX (Exchange), a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today reported its fourth best electronic trading day in Exchange history. With an estimated 11,395 contracts traded, June 11 marked the second top five electronic trading day recorded this week. The mark was set just three days after the Exchange announced its second best electronic trading volume record of 12,262 contracts on June 8.
Three of the MGEX’s top five electronic trading days have been recorded in the past two weeks. June 2 is the third highest electronic trading day in Exchange history with 11,437 contracts traded. November 9, 2009 ranks as the top electronic trading day at MGEX with 18,592 total futures and options contracts traded electronically.
This week’s swift electronic trading has translated into a two percent growth in total Exchange open interest, up 1,457 in the past week to 55,595.
“Our volume and open interest numbers are impressive when compared to the year ago levels,” Mark G. Bagan, President & CEO, MGEX said. “Global market participants continue to show their confidence in our risk management products,” Bagan said.