“It is a pleasure to start off the 2005/06 crop year with a new Participant on the Exchange, especially one with the caliber of Deutsche Bank Securities Inc. Their presence as a Direct Access Trading Participant will further extend the public access to trade WCE contracts by interested U.S. market participants”, said Will Hill, Senior Vice-President of the Exchange.
“There are now 25 Futures Commission Merchants that are Direct Access Trading Participants on WCE”, added Hill.
WCE became North America’s first commodity exchange to fully convert to an electronic trading platform when it launched its futures and options contracts for trading on an electronic platform on December 20, 2004.< P> Since converting to an electronic trading platform as at July 31, 2005 there have been 1,157,961 futures contracts and 11,093 options contracts traded on WCE. 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
