Urbana Corp. today announced that it has acquired another membership on the Minneapolis Grain Exchange (MGEX) for US$250,000.

The purchase increases Urbana’s stake in the MGEX to 38 memberships worth approximately $9.5 million (Cdn.), representing a 9.5% ownership interest.

MGEX, established in 1881, is the only market for Hard Red Spring Wheat, National Corn Index, National Soybean Index, Hard Red Winter Wheat Index, Hard Red Spring Wheat Index and Soft Red Winter Wheat Index futures and options.

Toronto-based Urbana’s current focus is buying seats and shares in private and public securities exchanges in North America and around the world.