Winnipeg Commodity Exchange

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).[1]

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.[2]

Since September 2007, the WCE has been a subsidiary of the Atlanta-based Intercontinental Exchange (ICE). Its quotes are now traded on the ICE platform.

Buildings

The Winnipeg Commodity Exchange buildings past and current, have been located within downtown Winnipeg.

The first Commodity Exchange building as located on Princess Street and was constructed in 1899. The façade is now part of the Red River College Princess St. Campus.

Entrance to the Grain Exchange building at 167 Lombard Ave

The second building was located at 167 Lombard Street and was constructed from 1906 to 1908 by Toronto architectural firm Darling and Pearson. It is still in use as office space, and known as the Grain Exchange Building.

The Winnipeg Commodity Exchange then moved to the Commodity Exchange Tower at 360 Main Street in 1979. The tower has since been renamed 360 Main Street in 2008 after the Winnipeg Commodity Exchange was absorbed into an American trading exchange.

The present 360 Main Street is home to the Underground Shops of Winnipeg Square. Locally, the building is also known as the Artis Building since it was originally developed by Trizec.

The building was completed in 1979 and is the third tallest building in the city, at 117 m (384 ft) with 31 floors. The construction of the building originally planned to have a twin with a hotel in the middle. The foundation for the other buildings were completed but the second tower and hotel were never built.

gollark: Why not just make that webserver do TLS itself then?
gollark: (most of the cheap ones are SMR)
gollark: Backups are to a 5-year-old 1TB laptop disk because I cannot be bothered to order a new actual NAS disk and they're quite hard to attain now anyway.
gollark: If stuff comes up in the wrong order it breaks horribly, but it somehow always avoids doing that.
gollark: I have a custom 500-line Python script which works as a webserver, HTTP client for 5 different things, and an IRC bot simultaneously.

References
  1. Winnipeg Free Press, January 2, 2008 – City's commodity exchange has been put on ICE
  2. Reuters, Dec. 10, 2007 1:26pm EST – Winnipeg exchange says switch to ICE goes smoothly
  • Reuters, November 2, 2007 9:13am EDT – Winnipeg wheat futures slip toward demise-trade
  • Levine, Allan (1987). The Exchange : 100 years of trading grain in Winnipeg. Winnipeg: Peguis Publishers. ISBN 0-920541-40-2.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.