IntercontinentalExchange (NYSE: ICE), a leading global exchange operator and over-the-counter (OTC) energy marketplace, announced that its Winnipeg Commodity Exchange (WCE) subsidiary will be known as ICE Futures Canada, effective January 1, 2008.
The new name is in line with ICE's other futures subsidiaries, ICE Futures U.S. and ICE Futures Europe.
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 28, 2007. All trading on the exchange transitioned to the ICE electronic platform on December 10, 2007.
"Following the successful integration into the ICE family, WCE will take on the ICE brand in 2008, enabling us to fully leverage the resources of our company as well as bring together the diverse range of products ICE offers on a global platform," said ICE Chairman and Chief Executive Officer Jeffrey C. Sprecher.
WCE is Canada's only agricultural commodity exchange and North America's first fully electronic agricultural exchange. Its Canola futures contract is the world's leading canola contract. More information about trading WCE products on ICE can be found on the ICE website.