IntercontinentalExchange, Inc. and WCE Holdings Inc. have jointly announced the closing of ICE’s acquisition of WCE Holdings.

The purchase price for the transaction was $77.59 per WCE Holdings common share, or $50 million in the aggregate. The firms say that the acquisition of WCE and its agricultural product suite complements ICE’s acquisition of the New York Board of Trade in January of this year.

ICE expects to transition WCE’s products to its electronic trading platform during the fourth quarter of 2007, subject to necessary regulatory approval.

“We are pleased to begin the process of combining the strengths of the Winnipeg Commodity
Exchange with ICE’s global commodity markets, covering energy commodities, agricultural
commodities, equity indexes and foreign exchange products,” said ICE chairman and CEO Jeffrey Sprecher. “We look forward to building on WCE’s solid market position while creating value for ICE shareholders as we continue to expand our business.”