The Winnipeg Commodity Exchange is the former name of a derivatives market based in Winnipeg, Manitoba, Canada now known as ICE Futures Canada. Futures and options contracts are electronically traded in western barley and canola (rapeseed).
The WCE began its existence as the Winnipeg Grain & Produce Exchange in 1887. In 1904, it introduced its first futures contracts. It was, and remains, Canada's only commodity futures exchange. It also formerly operated the Canadian Financial Futures Market.
In December 2004, WCE converted from the traditional "open outcry" method of trading to an electronic trading format. This made it the first commodity futures exchange in North America to go fully electronic. Until December 2007, futures were traded on the platform of the Chicago Board of Trade.
Since September 2007, the WCE has been a subsidiary of the Atlanta-based IntercontinentalExchange (ICE). Its quotes are now traded on the ICE platform.
Read more about Winnipeg Commodity Exchange: Buildings
Famous quotes containing the words commodity and/or exchange:
“If I’d written all the truth I knew for the past ten years, about 600 people—including me—would be rotting in prison cells from Rio to Seattle today. Absolute truth is a very rare and dangerous commodity in the context of professional journalism.”
—Hunter S. Thompson (b. 1939)
“There is a delicate balance of putting yourself last and not being a doormat and thinking of yourself first and not coming off as selfish, arrogant, or bossy. We spend the majority of our lives attempting to perfect this balance. When we are successful, we have many close, healthy relationships. When we are unsuccessful, we suffer the natural consequences of damaged and sometimes broken relationships. Children are just beginning their journey on this important life lesson.”
—Cindy L. Teachey. “Building Lifelong Relationships—School Age Programs at Work,” Child Care Exchange (January 1994)