Winnipeg Commodity Exchange Announces Liquidity Provider Program

Winnipeg Commodity Exchange Inc. (“WCE”) has instituted a Liquidity Provider Program for all WCE contracts. The program consists of rebates on exchange fees for Participants that provide short-term liquidity for WCE contracts at minimum volume levels.

This program complements incentive programs offered to existing Locals and will be in effect until June 30, 2005 at which time the program will be reviewed.

Under the program proprietary trading firms and individuals registered in the Market Maker category can capture rebates of up to 68% of the non-participant clearing and transaction fees.

“These proprietary traders along with our existing Locals are vital to providing the daily volume required by hedgers and investors in our marketplace,” said Will Hill, WCE Senior Vice-President.

Details of the Liquidity Provider Program including fees, rebates and requirements are available at www.wce.ca

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 commencing Monday, December 20, 2004. Since converting to an electronic trading platform a total of 286,585 futures and options contracts have been traded on the Exchange.

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.