Interesting.... Who are they shopping it to? I can't see an IPO... http://www.mgex.com/MembershipTransfers.html
Urbana Corporation is on a buying spree of seats and shares of exchanges everywhere. Obviously, they're extrememly bullish on the sector. MGEX seats are also probably getting a big boost from the bull market in wheat. If EVER the timing and psychology were right for an IPO, This is it.......make no mistake where you are........this it.......you're going no further.......this is it..........wheat in the teens!
I've been hearing that their really trying to launch those Index Contracts (to hedge/trade the basis).....they got barely any OI though - last time I check the NCI (corn) contract had an OI of only 11.