December 15, 2004 – WCE Clearing Corporation (“WCECC”) announces that J.P. Morgan Securities Canada Inc. and CIBC World Markets Inc. will become Clearing Participants effective at the beginning of electronic trading on December 20, 2004.
WCECC is the designated clearinghouse for Winnipeg Commodity Exchange Inc. and is a wholly-owned subsidiary of WCE Holdings Inc.
“We are pleased with the addition of these companies as Clearing Participants”, said Mike Gagné, President and CEO of Winnipeg Commodity Exchange Inc. (“WCE”).
WCE will be North America’s first commodity exchange to fully convert to an electronic trading platform when it launches its futures and options contracts for trading on an electronic platform commencing Monday, December 20, 2004.
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:
President & CEO
Senior Vice President
Source: Securities Industry News