IntercontinentalExchange (NYSE: ICE), a leading global exchange operator and over-the-counter (OTC) marketplace, announced today that its Winnipeg Commodity Exchange (WCE) subsidiary successfully transitioned trading in all of its products to the ICE electronic platform as planned. On December 10th, the first full day of trading on the ICE platform, total volume for WCE Futures was 16,742 contracts. Average daily volume (ADV) for WCE futures was 13,427 contracts in November 2007.
"We are very pleased that the transition to the ICE platform was smooth and efficient," said William Hill, WCE president and coo. "We have been working closely with our customers and market participants to ensure that everyone would be ready on day one, and we’re already seeing strong activity of WCE products on the ICE platform. With this transition, we look forward to building upon our continued trend of volume growth."
WCE was established in 1887 and today offers futures and options contracts on canola, domestic feed wheat, and western barley. ICE acquired Winnipeg Holdings Inc. and the all-electronic WCE on August 28th, 2007. More information about trading WCE products on ICE can be found on the ICE website at https://www.theice.com/wce.jhtml.