“We are pleased to announce that BMO Nesbitt Burns Inc.; CIBC World Markets Inc.; Fimat Canada Inc.; Fimat USA Inc.; J.P. Morgan Securities Canada Inc.; Lehman Brothers Inc.; Man Financial Inc., Prudential Financial Derivatives, LLC; RBC Dominion Securities Inc.; Refco Futures (Canada) Ltd.; Refco, LLC; Rosenthal Collins Group, L.L.C. and Scotia Capital Inc. will be connecting as Direct Access Trading Participants”, said Mike Gagné, President and CEO of the Exchange.
“Futures Commission Merchants in Canada and the United States, many of whom do not currently trade directly in our market, are demonstrating tremendous interest in connecting to WCE’s markets through the electronic trading platform. Participation by these companies together with participation by our current commercial firms and the majority of our current locals will increase market liquidity”, added Gagné.
WCE will be North America’s first commodity exchange to fully convert to an electronic trading platform when it launches its futures and options contracts for trading on an electronic platform commencing Monday, December 20, 2004.
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
