| MGEX Products |
NRR including Unit of Measure |
NRR Ticks |
| MGEX Hard Red Spring Wheat Futures |
$.10 per bushel |
40 |
| MGEX National Corn Index Futures |
$.10 per bushel |
40 |
| MGEX Hard Red Winter Wheat Index Futures |
$.10 per bushel |
40 |
| MGEX Hard Red Spring Wheat Index Futures |
$.10 per bushel |
40 |
| MGEX National Soybean Index Futures |
$.10 per bushel |
40 |
| MGEX Soft Red Winter Wheat Index Futures |
$.10 per bushel |
40 |
| MGEX Apple Juice Concentrate Futures |
$.20 per gallon |
80 |
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| MGEX Products |
Bid/Ask Reasonability |
Non-Reviewable Range (NRR) |
| MGEX Hard Red Spring Wheat Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX National Corn Index Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX Hard Red Winter Wheat Index Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX Hard Red Spring Wheat Index Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX National Soybean Index Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX Soft Red Winter Wheat Index Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
| MGEX Apple Juice Concentrate Options |
The greater of the delta times the underlying futures non-reviewable range or 20% of the fair value premium up to the underlying futures non-reviewable range with a minimum reasonability of $.01 |
20% of premium up to ¼ of the underlying futures non-reviewable range with a minimum of 1 tick |
