Winnipeg Commodities Exchange - WCE

AAA

DEFINITION of 'Winnipeg Commodities Exchange - WCE'

A commodities exchange in Winnipeg, Manitoba, that serves as Canada's only agricultural futures and options exchange. Canola is the Winnipeg Commodities Exchange's (WCE) primary commodity, but the WCE also trades contracts on many other commodities and provides the world's only flaxseed futures market.

INVESTOPEDIA EXPLAINS 'Winnipeg Commodities Exchange - WCE'

On Dec 20, 2004, the WCE became North America's first commodities exchange to utilize a trading platform that is entirely electronic, and is recognized as a leading global provider of price-discovery and risk-management tools for canola.

The WCE does not buy or sell any instruments on its exchange or play any role in price setting or discovery. Its mandate is to provide trading rules and facilities, so that buyers and sellers may conduct transactions and determine prices. The WCE is regulated by the Manitoba Securities Commission under the authority of the Commodity Futures Act of 1996.

RELATED TERMS
  1. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Futures Market

    An auction market in which participants buy and sell commodity/future ...
  4. Futures

    A financial contract obligating the buyer to purchase an asset ...
  5. Price Discovery

    A method of determining the price for a specific commodity or ...
  6. Contract Market

    Any board of trade designated to trade a specific options or ...
Related Articles
  1. Commodities: The Portfolio Hedge
    Active Trading

    Commodities: The Portfolio Hedge

  2. Options On Futures: A World Of Potential ...
    Options & Futures

    Options On Futures: A World Of Potential ...

  3. Commodities That Move The Markets
    Options & Futures

    Commodities That Move The Markets

  4. Who sets the price of commodities?
    Investing

    Who sets the price of commodities?

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center