MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), completed the highest volume month in its storied history on Monday, finishing November with a total volume of 272,202.
This surpassed the previous record set in August by more than 6,000 and is a 39 percent increase from November of 2014. This marks the fifth time this year MGEX has reported a monthly volume greater than 200,000, doing so for the first time in the history of the Exchange.
Electronic volume from November also set a new all-time record, coming in at 244,288 contracts traded. This is six percent higher than the previous record set in June. The month featured six top 25 volume days and 16 days with volume greater than 10,000.
Total volume for the year now stands at 2,150,976 and is on pace to set a new annual volume record in early December. Electronic volume has already set a new annual record with 1,875,702 contracts traded through 11 months. Open interest following Monday’s activity was 70,424 which is a six percent increase from a year ago.