"WCE has seen a growing interest from proprietary trading firms and U.S. futures commission merchants in our market since we converted to electronic trading, but it's been some time since we've had a new commercial entity join the Exchange," said Will Hill, Senior Vice-President of the Exchange.
"FGDI, LLC is a welcome addition as a Merchant Participant. Their presence expands the base of commercial market participants who play an active role in the delivery mechanism of WCE futures contracts," added Hill.
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.
Total volume in all futures and options contracts traded on Winnipeg Commodity Exchange Inc. set its highest daily volume record on March 31, 2005 since WCE converted to an electronic trading platform. A total of 20,814 futures and options contracts traded on that day. The previous highest total daily volume recorded under the electronic trading platform was 17,254 contracts, which was recorded on February 22, 2005.
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.
