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Agricultural News

MGEX Announces Single-Click Spread Functionality Between MGEX and KCBT Wheat Contracts

Tue, 26 Feb 2013 07:35:48 CST

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), today announced a new functionality involving its North American Hard Red Spring Wheat (HRSW) futures contract. Single-click trading functionality between the MGEX HRSW futures and KCBT Hard Red Winter Wheat (HRWW) futures contracts will be available beginning March 10, 2013 for a trade date of March 11, 2013.


MGEX collaborated with the CME Group to introduce single-click trading functionality between the two products after the successful launch of single-click trading functionality between the MGEX HRSW futures and the CBOT Soft Red Winter Wheat (SRWW) futures contracts in May 2012.


Once launched, market participants will have the additional convenience of single-click spread trading between the MGEX and KCBT wheat contracts in addition to the MGEX and CBOT wheat contracts. Available on the CME Globex trading platform, the singleclick functionality addresses the inherent risk of legging the spread.


"The addition of the MGEX-KCBT single-click tool offers MGEX market participants around the world a more secure and convenient way to spread trade between the two wheat classes," said Mark G. Bagan, President & CEO, MGEX. "We are pleased to bring to market this innovative trading option and address marketplace demand," Bagan added.


More information is available at www.mgex.com.



   

 

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