(Resource News International) — The administrative offices of ICE Futures Canada and ICE Clear Canada will soon move from the downtown site of their former trading floor, according to its CEO.
Brad Vannan said the move from the building at Winnipeg’s Portage and Main, still named “Commodity Exchange Tower” for the former Winnipeg Commodity Exchange, is to take place June 4.
Now called ICE Futures Canada and operating on a fully electronic trading system, the exchange will move to new space at 850A Pembina Hwy. in Winnipeg’s Fort Rouge area.
The space the administrative offices of ICE Futures Canada currently occupies was designed for the servicing of a fully functional open-outcry trading floor, he said.
“While the open outcry facility has been replaced by a fully electronic forum, the lease of the space will finally run out in June,” Vannan said.
When the exchange was operating a fully functional trading floor, there were at least 45 full time employees that worked the trading floor and well as in the office administration.
“Our staff compliment is significantly smaller with 13 employees at present,” Vannan said. “Since we were in a position that we needed to move anyway, the decision was made to consider alternatives.”
As a company, the decision to move was based on at least three key ingredients: customer requirements, staff needs and the cost associated with the space that’s available, Vannan said.
Customer requirements have changed significantly, he said — specifically the need to be have centralized access to the facility.
“Since the trading floor has gone electronic, there is no longer a need to have a central location,” Vannan said.
“We still want to be available to our customer base, as there are still periodic meetings that occur with them,” he said. “The location we have chosen still provides easy access and if it is inconvenient for our customers, I can meet with them where required.”
ICE’s main phone numbers, fax numbers, and all e-mail addresses will remain the same.