Minneapolis Grain Exchange (MGEX) set a new daily electronic trading volume record when 5,260 contracts traded during the 28 November trading session. This is the second all-time daily electronic volume record set this month, breaking the previous record or 4,879 contracts set 5 November by 381 contracts. The Exchange has also set a new calendar year volume record with 1,673,882 contracts traded to-date. Total volume for 2006 was 1,655,034.
Singapore Exchange is formally consulting the market on its proposed introduction of single stock derivatives. The exchange is asking for comments on how to change futures contracts when the underlying security is affected by a corporate action and the settlement of futures by depository agents.
The China Securities Regulatory Commission has approved Singapore Exchange’s application for a representative office in Beijing. The new office will be restricted to activities like research and marketing.