MGEX launches new vol futures

By GlobalCapital
19 Nov 2019

The Minneapolis Grain Exchange (MGEX) has launched futures referencing the SPIKES volatility index in its effort to compete in the volatility trading market.

The futures will be available via the CME Globex platform. MGEX is collaborating with Miami International Securities Exchange (MIAX) and financial indexing firm T3 Index on the launch.

Thomas P. Gallagher, chairman and CEO of MIAX, said the futures volatility trading market had been unnecessarily closed off to competition, ...

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