"The WCE examined various clearing processing service alternatives, and determined that the KCBTCC was the best business fit for our move to electronic trading,” said Mike Gagné, WCE President & CEO.
“The KCBT has enjoyed a great working relationship with WCE for many years,” said Jeff Borchardt, KCBT president & CEO. “Now we expand this relationship into a business alliance. We take great pride in the opportunity to provide clearing services to Canada’s long-standing and only agricultural commodities exchange.”
“This is our first endeavor into broadening our clearing services to other entities,” said KCBT Chairman Scott Smith. “This venture will allow the KCBTCC to utilize excess computer capacity and increase the value of the KCBTCC to our members while also providing cost-effective clearing processing services to the WCECC.”
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 for canola, flaxseed, domestic feed wheat, and western barley. WCE Clearing Corporation is the clearing house for WCE-traded contracts.
The Kansas City Board of Trade, chartered in 1876, is the world's largest futures market for hard red winter wheat. The KCBT also offers trading on the Value Line. stock index futures contract. The exchange also offers options on its hard red winter wheat and Value Line contracts.
Value Line. is a registered mark of Value Line, Inc., a New York corporation that provides financial services and publications. Since 1982, the Kansas City Board of Trade has been licensed to use the Value Line. mark in connection with its efforts to establish futures markets tied to the Value Line. index. The Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate entities.
