Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that in 2015 ICE Futures Canada achieved record volume in canola futures and options with 5.745 million contracts traded for the year.
“ICE Futures Canada is pleased to complete another strong year in canola futures and options markets, which serve as the benchmark for canola trading. We look forward to continuing to grow the market together with our global base of customers,” said Brad Vannan, President and Chief Operating Officer, ICE Futures Canada.
Canola futures began trading on the Winnipeg Commodity Exchange, now known as ICE Futures Canada, in 1963. Canada is the world’s largest exporter of canola seed and the futures and options on futures are used by the domestic and global oilseeds industries to price and hedge transactions. The contract prices physical delivery of canola seed, free-on-board trucks or rail cars in Central Saskatchewan, Canada.
