Officials with the Winnipeg Commodity Exchange are pleased with its performance during its first full crop year on an electronic trading platform.

Senior Vice President will hill says the results were very favourable with total volume of trade up 34% compared to 2004-05.

Almost 2.6 million futures and options contracts were traded in 2005-06.

Canola futures dominated that figure at just over 2.3 million, up 42% over 04-05.

Options volume also saw a dramatic increase, jumping nearly 92% over the previous crop year.

Looking into 2006-07, hill is hoping for a similar increase and is aiming for a 25% rise in volume.

The exchange is off to a good start, as total trade volume was up 24% in August compared to the same month last year.

It was the 15th consecutive month of increased total trade on the exchange when compared to the same month of the previous year.