MINNEAPOLIS, MINNESOTA, U.S. — MGEX concluded its fiscal year on Aug. 31, with a total volume of 2.26 million making it the second best fiscal year of all time.
This is the third-consecutive year the exchange’s total volume has surpassed 2 million, falling short of last year’s total by less than one percent. Total volume for the calendar year currently stands at 1.53 million.
The 2015-16 fiscal year has eight days in the top 25 daily exchange volume records. There are five months in the top 25 monthly exchange volume records, along with the best month overall in November 2015. Daily exchange open interest records were also broken throughout February, including the top day on Feb. 12 with open interest of 87,186.
In the prior fiscal year MGEX set an all-time record of 2.27 million contracts traded, a 13% increase over the previous year.
Electronic volume totaled 1.95 million during the year. Five of the top 25 monthly electronic volume months took place within the last fiscal year – with the highest monthly electronic volume in Exchange history occurring in November. Additionally, eight of the top 25 daily electronic volume records were set during the fiscal year.
