Minneapolis Grain Exchange (MGX) recorded two new trading records on 26 October indicating yet further growth of the exchange.

MGX recorded a new exchange electronic trading recording following trading on 24 October. Volume totalled 51,854 contracts surpassing the previous record of 50,755 trades which was set on 6 August.

In addition to growth in the exchange’s electronic volume, total trading volume during the month equalled 175,002 contracts, exceeding the previous record of 139,336 contracts, set in 2006. Despite four trading days remaining in the month, the new record is a 29% increase on the previous high.

James Facente, director, market operations, clearing and IT at the exchange, hailed the new landmarks. “We’ve seen a steady increase in volume overall and specifically electronic volume,” said Facente. “What makes these records even more notable is that most of our previous record volume months were set during roll months as market participants were rolling some of their positions prior to delivery. The volume we’re seeing this month is yet another testimony to the increased interest and confidence the marketplace has in the MGX and its contracts.”