Accessibility Links
To include more than one recipient, please separate each email address with a semi-colon ';'
You may email your comment to a friend To include more than one recipient, please separate each email address with a semi-colon ';'
Winnipeg Commodity Exchange (WCE) is to transfer trading to Intercontinental (ICE)’s platform on 9 December.
The switch follows the acquisition of the Canadian exchange by ICE on 22 August for C$50m.
Winnipeg, which offers futures on canola, domestic feed wheat, and western bailey, will also have a new management team, which the exchange revealed in August. William Hill, formerly senior vice president, has been named president and chief operating officer. Former WCE president and chief executive officer Mike Gagné retired upon the completion of the transaction.
“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”
BarCap's 2011 oil outlook looks increasingly accurate.