“We are very pleased with the seamless technological transition from open outcry to electronic trading that took place today. This is a result of all the work and preparations by the dedicated staff of WCE market participants, the Chicago Board of Trade, Kansas City Board of Trade Clearing Corporation and Winnipeg Commodity Exchange Inc. We are also pleased that today’s total ETS volume of 11,680 futures and options contracts (excluding EFRs, EFPs, deliveries and exercises) exceeded the average total daily volume for December 2004 to-date of 10,803 contracts,” said Mike Gagné, WCE President and CEO.
“By transitioning to electronic trading WCE continues to provide facilities to trade futures and options contracts through an open, accessible vehicle where prices are discovered in a competitive and transparent manner. WCE provides standardized contract terms and internationally accepted rules of trade and recognized clearing processes,” added Gagné.
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
