CBOT to Host WCE Contracts

[Incognito]

CBOT to Host WCE Contracts

April 27, 2004 - Winnipeg Commodity Exchange Inc. (WCE) announced today that a Memorandum of Understanding has been signed with the Chicago Board of Trade (CBOT) stating that WCE contracts will be listed for trade on the CBOT’s electronic trading platform, e?cbot®, powered by LIFFE CONNECT®. The WCE will be converting all of its futures and options trading facilities from open outcry trading to electronic trading in the last quarter of 2004.

Bill Parrish, Chairman of the Board, said “Futures contracts were first traded in Canada at the WCE in 1904. In 2004, 100 years later, the WCE will become the first open outcry commodity exchange in North America to become fully electronic.”

“The e-cbot® electronic trading platform provides for advanced and sophisticated functionality. That, combined with the distribution network of the e-cbot® system, offers WCE great opportunity to expand its user base and market penetration,” added Mike Gagné, President & CEO.

The transition to electronic trading is subject to WCE shareholder and regulatory approvals. All market participants will be provided with at least three months notice prior to the actual conversion date. Until then, the Exchange will be working very closely with all market participants to ensure a smooth transition.

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 on the Exchange, visit www.wce.ca

[charliep]

The below is the CWB response to our website. Actually the old Alberta Beef Ad.

http://www.cwb.ca/en/topics/choice/pdf/campaignforchoice.pdf

[TOM4CWB]

Charlie;

What do you mean the old Alberta Beef ad?

[charliep]

I made a mistake and posted to the wrong thread by the way (this is canola/not wheat). This ad had already been used in the Alberta Beef magazine (March issue)

[bward]

So,considering that the WCE is only going to be traded electronically, and the cbot only goes electronically at night..... does this mean that WCE trading will only occour during the night session? The whole thing is kind of sad in a way. At one time the WCE was the largest wheat trader in the World. Now its piddled down to become a subsidiary of an American. ..... Just like all good Canadian things.