Minneapolis Grain Exchange MGEX - Minneapolis Grain Exchange
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MGEX - Headquarters
400 South 4th Street
130 Grain Exchange Building
Minneapolis, MN 55415

ph: 612-321-7101 or
toll free: 1-800-827-4746
mgex@mgex.com

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Exchange and Clearing Fees

The board of directors has approved the following schedule of Exchange and Clearing Fees for each contract of futures or options bought, sold, exchanged for physical, transferred, delivered, accepted for delivery, cash settled, exercised or assigned effective May 1, 2011:

For purposes of computing fees, a “member” is the individual listed as the record holder of a membership and trades Exchange contracts for his/her own account.  Further, member rates apply to a firm or corporation which is a record owner of a membership.  Member rates do not apply to employees, associated persons, affiliate companies, subsidiary corporations or parent corporations of a member firm or corporation unless they also are a record owner of a membership.

A "delegate" is the individual listed as the record holder of a leased membership and trades Exchange contracts for his/her own account.

Exchange and Clearing Fees:
Futures and Options
(Per side)
Exchange Fee Clearing Fee Total Fee
First 15,000 Contracts per month
Member Rate .80 .20 1.00
Delegate Rate 1.20 .20 1.40
Non-Member Rate 1.60 .20 1.80
Next 15,000 Contracts per month
Member Rate .60 .20 .80
Delegate Rate 1.00 .20 1.20
Non-Member Rate 1.40 .20 1.60
Each Additional Contract per month
Member Rate .45 .20 .65
Delegate Rate .85 .20 1.05
Non-Member Rate 1.25 .20 1.45

 

Transfer Fees:
Futures and Options
(Per side)
Exchange Fee Clearing Fee Total Fee
Each Contract
Member Rate .80 .20 1.00
Delegate Rate 1.20 .20 1.40
Non-Member Rate 1.60 .20 1.80
 
Give-Up Surcharge:
Futures and Options
(Executing side only)
  Surcharge Total Fee
Each Contract
Member Rate   .10 .10
Delegate Rate   .10 .10
Non-Member Rate   .10 .10
 
Delivery Surcharge:
Futures
(Per Side)
  Surcharge Total Fee
Each Contract
Member Rate   .10 .10
Delegate Rate   .10 .10
Non-Member Rate   .10 .10
 
EFP & EFR Surcharge:
EFP and EFR
(Per Side)
  Surcharge Total Fee
Each Contract
Member Rate   .70 .70
Delegate Rate   .70 .70
Non-Member Rate   .70 .70

 

Exchange and Clearing Fees will be charged per account.

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