ELECTRONIC TRADING HOURS AND LAUNCH DATE ANNOUNCED MINNEAPOLIS -
October 4, 2004
Contact: Sarah Clemenson 612-321-7143
The Minneapolis Grain Exchange (MGEX) announced this week that it
will offer nighttime electronic trading hours for MGEX Hard Red
Spring Wheat futures and options in addition to daytime open outcry.
These contracts will trade electronically along side the MGEX grain
and oilseed index contracts on the Chicago Board of Trade‚s
electronic trading platform - e-cbot ® powered by LIFFE CONNECT®.
The official launch date of MGEX Hard Red Spring Wheat night trading
and the MGEX grain and oilseed index contracts is December 15. MGEX
index products based on Data Transmission Networ's (DTN) index calculations
include the Hard Red Spring Wheat Index (HRSI), Hard Red Winter
Wheat Index (HRWI), Soft Red Winter Wheat Index (SRWI), National
Corn Index (NCI) and the National Soybean Index (NSI).
"We are looking forward to December marking revolutionary changes
at MGEX as we begin offering electronic trading to complement our
already solid hard red spring wheat futures and options as well
as the addition of the fully electronic grain index contracts,"
said Kent Horsager, MGEX president and chief executive officer.
"This move generates extensive benefits by creating a single
point of access for the agricultural markets and providing new spread
opportunities for astute market users."
The MGEX Hard Red Spring Wheat futures contract will continue to
trade by open outcry from 9:30 a.m. to 1:15 p.m. Central Time (CT),
Monday through Friday. The contract will trade electronically from
7:32 p.m. to 6:00 a.m. CT, Sunday through Friday. The MGEX Hard
Red Spring Wheat options contract will continue to trade by open
outcry from 9:30 a.m. to 1:30 p.m. CT, Monday through Friday. It
will trade electronically from 7:34 p.m. to 6:00 a.m. CT, Sunday
through Friday. Electronic trading for hard red spring wheat and
the grain and oilseed index contracts will take place Sunday through
|MGEX Trading Hours (Central Time)
||National Corn Index
||National Soybean Index
||Hard Red Spring Wheat
||7:32 pm - 1:45 pm
||7:30 pm - 1:45 pm
||7:31 pm - 1:45 pm
||Open Outcry: 9:30 am - 1:15 pm Electronic:
7:32 pm - 6:00 am
||7:34 pm - 1:45 pm
||7:32 pm - 1:45 pm
||7:33 pm - 1:45 pm
||Open Outcry: 9:30 am - 1:30 pm Electronic:
7:34 pm - 6:00 am
MGEX, established in 1881, is the only market for hard red spring
wheat, National Corn Index, National Soybean Index, Hard Red Spring
Wheat Index, Soft Red Winter Wheat Index and Hard Red Winter Wheat
Index futures and options. For more information, visit www.mgex.com.
Notes to the editor:
e-cbot ® is a registered service mark of the Board of Trade
of the City of Chicago, Inc. and is registered in the United States.
LIFFE CONNECT ® is a trademark of LIFFE Administration and Management
and is registered in Australia, Hong Kong, Singapore, the United
States and the United Kingdom, is a registered Community Trade Mark,
and is the subject of a pending application for registration in