WCE’s products will commence trading on the electronic trading platform on Monday, December 20, 2004. Electronic trading of WCE’s products will be available from 9:30 a.m. to 1:15 p.m. (Central Time) with the pre-opening session from 8:30 a.m. to 9:29 a.m. The last trading day by open outcry will be on December 17, 2004.
In addition, CBOT will distribute WCE’s market data in the industry’s standard format through a single data feed on CBOT’s Quote Vendor Network. Last trade, best bid/ask, as well as data on market depth will be available.
Mike Gagné, President and CEO of WCE, said “Since announcing on April 27, 2004 that a Memorandum of Understanding had been signed with the CBOT to list WCE’s contracts on e-cbot we have received a very positive response from both existing and potential new participants. Access to WCE markets will be greatly enhanced through this functionally advanced system and based on experience in other markets WCE volumes are expected to grow significantly. We are looking forward to launch date and are very pleased to have reached this important agreement with the CBOT”.
The transition to electronic trading has received WCE shareholder approval and is pending regulatory approval.
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
