Bill Parrish, Chairman of the Board, said “Futures contracts were first traded in Canada at the WCE in 1904. In 2004, 100 years later, the WCE will become the first open outcry commodity exchange in North America to become fully electronic.”
“The e-cbot® electronic trading platform provides for advanced and sophisticated functionality. That, combined with the distribution network of the e-cbot® system, offers WCE great opportunity to expand its user base and market penetration,” added Mike Gagné, President & CEO.
The transition to electronic trading is subject to WCE shareholder and regulatory approvals. All market participants will be provided with at least three months notice prior to the actual conversion date. Until then, the Exchange will be working very closely with all market participants to ensure a smooth transition.
Winnipeg Commodity Exchange Inc., established in 1887, has been facilitating futures contract trading since 1904. WCE is Canada’s only agricultural futures and options exchange and offers futures and options contracts on canola, flaxseed, domestic feed wheat, and western barley. For more information on the Exchange, visit www.wce.ca
