ICE Canada reverts to 1:15 close

ICE Futures Canada’s experiment with a later close has proved short lived, with the market reverting back to the traditional 1:15 p.m. CT close beginning April 8, 2013, the exchange announced in a notice to participants March 18.

The canola, wheat, durum, and barley futures and options contracts on the Winnipeg-based market have been closing at 2 p.m. CT since June 2012, in an effort to keep in line with a similar move by the U.S. agricultural markets. Chicago, Minneapolis, and Kansas City all announced in early March that they would move back to the traditional 1:15 CT close beginning April 8, after consultations with their members.

Beginning on Monday, April 8, 2013, the settlement price calculation window (settlement period) for futures contracts at ICE Canada will be 1:14 p.m. to 1:15 p.m. CT (currently 1:59 p.m. to 2 p.m. CT), said ICE Canada.

The opening time for the exchange will remain unchanged.

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