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:
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