Constituent assembly of greenmarket Exchange Council
New commodity exchange founded by the Bavarian Stock Exchange
The official foundation of greenmarket Commodity Exchange took place on 25 May 2011 with the constituent assembly of its Exchange Council. "Munich Stock Exchange, with over 180 years of history, has now added a commodity exchange - an auspicious event for the city as a stock exchange location", stated Dr. Christine Bortenlänger, Member of the Managing Board of Bayerische Börse AG. "This new commodity exchange will enable us to send a clear signal in spot and futures trading, and transform Munich into a major centre for secure carbon emissions trading", explained Dr. Robert Ertl, one of greenmarket's Managing Directors. Herbert Schuster, the newly appointed Chairman of the Exchange Council and also Director of mwb Wertpapierhandelsbank AG, said, "In my view, the setup of greenmarket Exchange will guarantee a significant role for the institution."
After the council assembly, the Securities Commission of the Bavarian State Ministry of Economic Affairs, Transport and Technology issued the necessary approval of greenmarket's Rules and Regulations passed by the Exchange Council. The members of the Council and Managing Directors of the commodity exchange, the Head of the Trading Surveillance Office and the Sanctions Committee had already been appointed on the occasion of the constituent assembly of greenmarket Exchange Council, on 25 May. Spot trading of emissions certificates (European Emission Allowances – EUAs und Certified Emission Rights – CERs) will take place daily on greenmarket from 8 am to 6 pm and is soon to be followed by futures trading. Further 'green' commodities will be added to greenmarket's scope of trading in the coming months.
greenmarket management
Long-standing executives and Prokuristen (authorized signatories) of Bayerische Börse AG, Dr. Robert Ertl and Dr. Marc Feiler were unanimously elected managing directors.
Appointed Head of the Trading Surveillance Office:
Norbert Betz, Bayerische Börse AG
Members of the Exchange Council:
Herbert Schuster (Chairman), Member of the Managing Board, mwb Wertpapierhandelsbank AG
Rochus Knobel (Deputy Chairman), Head of Energy Trading, Stadtwerke München GmbH
Stefan Albat, Deputy Managing Director, vbw – Bavarian Business Association, Munich
Hans Christian Koltze, Managing Director, Innovative Energy GmbH, Frankfurt
Michael Porr, Head of Trading, mk-group Holding GmbH, Hamburg
Marco Strimer, CEO, SIX x-clear AG, Zürich
André Zwingmann, Prokurist (authorized signatory), Emissions and Commodity Execution BHF-Bank AG, Frankfurt
Appointed Chairpersons of the Sanctions Committee:
Uwe Erling, attorney at Noerr LLP, Chairperson
Dr. Ines Zenke, attorney at BBH Rechtsanwälte Berlin, Deputy Chairperson
Press contact:
Ulrich Kirstein, Bayerische Börse AG,
Karolinenplatz 6, 80333 Munich
Telephone: +49 (0) 89 549045-25, fax +49 (0) 89 549045-31,
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