MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has recorded its highest monthly volume ever, reporting a total volume of 266,043 from August. This breaks the previous monthly record set back in June.
The new high shatters the previous August-best, set in 2007, by 23 percent. Electronic volume from the month was also the best ever during August and the 2nd-best all-time, finishing at 226,089 contracts traded.
The Exchange has now set three consecutive monthly volume bests – for June, July, and August. Daily volume was consistently high during August, with 17 of the 21 trade dates recording a total volume of more than 10,000 contracts traded.
Calendar year volume now stands at 1,588,094 with four months remaining. Open interest following Monday’s activity was 61,583.