Winnipeg Commodity Exchange Urges All Federal Parties To Let Marketplace Decide On Location For Carbon Exchange

Winnipeg Commodity Exchange Inc. (“WCE”), through its affiliate Canadian Climate Exchange Inc. (“CCE”), is asking all federal parties to reject the motion by Bloc Quebecois MP Bernard Bigras to select Montreal as the location of a carbon exchange for trading in Canada.

Will Hill, Managing Director, CCE, said “Where emissions trading takes place should be determined by the market, not by government. Each exchange in Canada brings their own unique expertise to the marketplace, and it should be left to participants in the marketplace to choose where they conduct business. Competition is a very important factor in the development of new products, and competition between exchanges in this new arena should be encouraged, not stifled.”

Canadian Climate Exchange Inc. was created in 2003 to explore and develop market-based solutions to climate change. CCE was the first such entity created by a regulated Canadian exchange. CCE is a wholly-owned subsidiary of WCE Holdings Inc.; the parent company of Winnipeg Commodity Exchange Inc. WCE, established in 1887, has been facilitating futures trading since 1904. WCE is Canada's only agricultural futures and options exchange and North America's first fully electronic commodity exchange.