MGEX expands trading hoursMINNEAPOLIS — MGEX announced expanded trading hours for all futures and options contracts, including its hard red spring wheat contract, beginning May 20 for trade date May 21.
By: MGEX, Agweek
MINNEAPOLIS — MGEX announced expanded trading hours for all futures and options contracts, including its hard red spring wheat contract, beginning May 20 for trade date May 21.
Market participants will now have the ability to manage price risk using the exchange’s flagship contract for 22 hours per trading day Monday through Friday and 23 hours per trading day Sunday to Monday. Beginning May 20, MGEX market participants will have the ability to trade all MGEX futures and options contracts including HRSW electronic futures and options based upon the below schedule:
• Sunday to Monday, 5 p.m. to 4 p.m. Central Time with a pre-open beginning at 4:15 p.m. CT.
• Monday through Friday, 6 p.m. to 4 p.m. CT with a pre-open time of 4:45 p.m.
Trading hours for open outcry options remain unchanged from 9:30 a.m. to 1:30 p.m. CT, Monday through Friday.
The contract settlement period remains 1:14:00 p.m. CT to 1:14:59 p.m. CT.
“Our North American hard red spring wheat contract is utilized by market participants around the world for price discovery and risk management purposes,” says Mark G. Bagan, MGEX president and CEO. “These expanded hours now give MGEX customers the ability to trade our high protein wheat contract, as well as our other futures and options contracts, whenever potential market-moving events occur,” Bagan says.