Emissions trading partnership between stock exchanges in Munich and Vienna: Emissions trading moves to Munich
greenmarket commodities exchange works together with the Austrian energy exchange EXAA in emissions trading operations. greenmarket supplies market members with a modern trading platform including clearing services. In future, Vienna-based EXAA will concentrate on electricity spot trading while greenmarket exchange in Munich will focus on spot and futures trading with carbon certificates.
The exchanges greenmarket and Energy Exchange Austria (EXAA) have embarked on a strategic partnership in emissions trading. With immediate effect, greenmarket commodities exchange will offer EXAA market members the chance to trade on the spot and futures markets via greenmarket. Existing EXAA members can join greenmarket in a simplified membership process and trade in EU Allowances (EUAs) and Certified Emission Reductions (CERs). In recent months greenmarket, a business division of Bayerische Börse AG, organized as an exchange, has set up a secure cutting-edge trading platform for emissions trading and other products within the scope of European emissions trading and for newly created markets in the field of renewable energy products. Vienna-based EXAA will focus its strategic operations on electricity trading throughout Central and South-East Europe.
Dr. Christine Bortenlänger, Member of the Management Board of Bayerische Börse AG, explains, "Because the two exchanges, EXAA and greenmarket, will focus on their strengths in electricity and emissions trading respectively, they will be in a position to offer market members the best possible range of services. Members of EXAA can take advantage of greenmarket's services without complicated bureaucratic procedures. These services include a cutting-edge trading environment and secure clearing process, with the Swiss company SIX x-clear acting as central counterparty.“
Jürgen Wahl, Member of EXAA Management Board, comments, "With greenmarket as our partner, we will offer existing and future market members modern, secure spot and futures trading on the secondary emissions trading market. By ensuring that our two exchanges focus on their specialist areas, we will provide market members with improved service and optimum order processing." EXAA has offered weekly auctions for spot trading in emissions allowances since 2005. Under the new partnership the complete sector will be
transferred to Munich. EXAA and greenmarket will also join forces in the development of new products and services on the environmental and climate markets and in providing customer care for market members.
Press representative for Bayerische Börse:
Ulrich Kirstein, Bayerische Börse AG,
Karolinenplatz 6, 80333 Munich
Telephone: +49 (0) 89 549045-25, fax +49 (0) 89 549045-31,
E-mail
Press representative for EXAA:
Dipl. Ing. Jürgen Wahl, EXAA Abwicklungsstelle für Energieprodukte AG,
Alserbachstrasse 14-16, 1090 Vienna
Telephone: +43 (0)1 253 72 72-54, fax +43 (0)1 253 72 72-96
E-Mail
