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Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Jan 21, 2013 04:20 PM CST

Italy's Borsa Italiana, which is controlled by the London Stock Exchange, launched the trade of Europe's first durum futures contract today. While this has been long-awaited in Europe, this is not the first attempt at a durum futures contract.

North American durum growers have long lacked the market transparency and ability to mitigate risk through the trade of a liquid and actively trading futures market. The Minneapolis Grain Exchange (MGEX) first launched a North American solution on Feb. 12, 1998, which ceased to trade on March 20, 2003. In July 2000, contract specifications were adjusted in an effort to attract ...

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