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WCE Gets More Direct Members
WINNIPEG - Nov 30/04 - SNS -- The Winnipeg Commodity Exchange Inc. (WCE) decision to go to a purely electronic trading model is seen as the main reason to the organization is seeing more interest by U.S. companies in becoming direct members.
"We are pleased to announce the approval of ABM Investor Services Inc.; Cargill Investor Services, Inc.; Citigroup Global Markets Inc.; Iowa Grain Company; R.J. O'Brien & Associates Inc.; O'Connor & Co. LLC; Rand Financial Services Inc.; Tenco, Inc.; and UBS Securities LLC as Direct Access Participants", said Mike Gagné, President and CEO of the Exchange.
"The overwhelming interest expressed in the WCE since we announced the change to electronic trading is resulting in the formal registration of new Trading Participant firms. We are anticipating the registration of more companies prior to December 20th. These will be in addition to the current companies who will be continuing as participants on the Exchange", added Gagné.
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