Clearing Alert

Minneapolis Grain Exchange (MGEX™)

December 19, 2023 | 05:38 PM

Minneapolis Grain Exchange - SPIKES Cash Settle - December 2023

Following the last day of trading on December 20th, 2023, all open December SPIKES® futures positions will be cash settled by MGEX. Accordingly, all open December Spikes futures positions must be reported to the clearing house by 4:30 pm CT on December 20th, 2023. Clearing Members should expect to see their cash settlement reports at approximately 5:00 pm CT on the evening of December 20th, 2023.

Clearing Members with open expiring SPIKES futures positions must submit position information either by submitting their Spikes Expiring Position Report file via SFTP (please see attached file spec) available here; or by submitting positions manually to the MGEX Clearing House and verifying within the MGEX Clearing System (MCS) utilizing the Position Reporting - Expiring Position - Reporting screen and marking complete.

For additional information on the reporting process, please see the MCS User Manual and instructional videos. Once verified and following the SPIKES Cash Settlement process, MGEX Clearing House will populate the cash settlement trades by account. Final clearing reports will be generated and distributed shortly after.

For additional infomation, please contact MGEX Clearing Operations at MGEXClearingOperations@miaxglobal.com or (612) 321-7146.

To add MGEX Alerts to your current e-mail subscriptions, revise your current MIAX Exchange Group e-mail subscriptions or to register a new e-mail address, visit MIAX Email Subscriptions.

To learn more about MGEX, please contact Futures@miaxglobal.com.