Food Industry
Industry: Email Alert RSS Feed'Business as Usual' at WCE Despite Chicago Merger News.
Resource News International, October, 2006
Byline: Phil Franz-Warkentin, Resource News International
Winnipeg, MB, Oct 17, 2006 (Resource News International via COMTEX) -- It will be "business as usual" at the Winnipeg Commodity Exchange (WCE) despite a merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), according to trade sources. Although, some thought the deal was a sign that it was only a matter of time before the WCE would also be part of a merger.
It was announced Tuesday that the CME will acquire the CBOT for US$8 billion in cash and stock, combining the two large futures exchanges. The WCE currently uses the CBOT's electronic platform to trade its canola and feed grains contracts.
"People are wondering what (the merger) does, but we...
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