ICE Futures Canada Receives Regulatory Approval for Introduction of Wheat and Barley Contracts
WINNIPEG, M<font size=”2″ face=”Arial”>anitoba </font>, Nov. 29, 2011 /PRNewswire/ — ICE Futures Canada, the Winnipeg-based agricultural exchange owned by IntercontinentalExchange (NYSE: ICE), today announced that the Manitoba Securities Commission has approved new futures contracts for milling wheat, durum wheat and barley.
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The Canadian House of Commons yesterday passed Bill C-18, which will end the Canadian Wheat Board’s monopoly for sales and marketing of Canadian wheat and barley in the export and human consumption markets as of August 1, 2012. The Bill requires approval by the Senate of Canada and Royal Assent to become law. Following enactment, ICE Futures Canada expects to be able to list the new contracts in January 2012, with the first contracts for delivery in October 2012.
Additional information on the new contracts, including specifications and product brochures, will be available at https://www.theice.com/futures_canada.jhtml.
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world’s crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding IntercontinentalExchange’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE‘s Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on February 9, 2011 and ICE’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC on August 3, 2011.