MGX adds final implied pricing contracts

11 Oct 2007 email

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Implied pricing has become effective on Minneapolis Grain Exchange (MGX)’s National Corn Index (NCI) and the National Soybean Index (NSI) futures contracts.

With the addition of NCI and NSI contracts now all of MGX’s futures suite are available as implied pricing. Others include hard red spring wheat futures; hard red spring wheat index; hard red winter wheat index and soft red winter wheat index.

“The newly added functionality will make it easier and more efficient for traders to execute spread trades among contract months within each contract,” said James Facente, director of market operations, clearing and IT for the exchange.

"Some market participants are worried that these proposals will constrain liquidity and make it harder for firms to hedge themselves effectively with OTC derivatives."

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