Mixed motives as ICE buys Canadian exchange

IntercontinentalExchange (ICE) is set to purchase Winnipeg Commodity Exchange (WCE), Canada's main agricultural commodity futures and options exchange and home to the world's leading canola futures contract.

The purchase price for the transaction is C$62.08 (US$58) per common share, or C$40 million, subject to the approval of WCE shareholders. The move strengthens ICE's presence in Canada following a clearing and technology sharing partnership forged earlier this year with the Calgary based N

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