Equity interests
Wiener Börse AG reinforces its market position not only by achieving improvements in its divisions and core business areas, but also by acquiring new interests.
APCS Power Clearing and Settlement AG
Wiener Börse AG has a stake of 10% at APCS Power Clearing and Settlement AG, which runs the clearing and settlement process within the Verbund APG control zone as balance group coordinator ("Bilanzgruppenkoordninator" - BKO). Its tasks in particular comprise determination, price formation and settlement of the balance energy. The BKO, together with the market participants, network operators and the control zone manager is responsible for proper, neutral and confidential handling of the market for balance energy.
CCP.A Central Counterparty Austria GmbH
Oesterreichische Kontrollbank AG (OeKB), which acts as a clearing and settlement agency for cash
products, and Wiener Börse AG, which acts as exchange operating company and clearing house for
derivatives, have founded a joint company which has assumed the function of a central counterparty
for the entire stock market of the Vienna Stock Exchange since 1 January 2005.
Central Counterparty Austria GmbH (CCP.A) acts as the responsible central counterparty
for the clearing and risk management of all trades concluded on the Vienna Stock Exchange
and assumes the fulfillment and default risk involved in the clearing and settlement of
securities and derivatives transactions.
CEGH Central European Gas Hub
The Central European Gas Hub, an 80% subsidiary of OMV Gas & Power GmbH and a 20% subsidiary
of Wiener Börse AG, is one of the most important natural gas trading platforms in Central Europe.
It provides gas companies with a commercial gas hub in Baumgarten in addition to other hub trading
points along the Austrian pipeline network. By expanding its service offering on an ongoing basis
and by establishing the CEGH Gas Exchange of the Vienna Stock Exchange, the owners aim at
positioning the CEGH as the largest gas hub in Continental Europe.
Spot trading on the CEGH Gas Exchange of the Vienna Stock Exchange began in December 2009;
the futures market was launched in December 2010.
CISMO Clearing Integrated Services and Market Operations GmbH
Wiener Börse AG holds a 5% share in CISMO, a service provider and shareholding partner for
companies that are active in the deregulated European energy and emission markets. CISMO provides
services and know-how in the areas of energy deregulation and market models, delivers the required
IT such as clearing, auction, registration, cash settlement and risk management systems. If
required, it also founds joint ventures with its customers.
CISMO’s customers include the following companies: the clearing agent for gas (AGCS) and
electricity (APCS), the settlement agent for electricity from renewable source (OeMAG), the
registry service office for CO2 certificates (ECRA), the energy exchange EXAA and RIECADO that
deals with the auctioning of cross-border transport capacities of energy.
EXAA Energy Exchange Austria
The liberalization of the Austrian and European market for electricity has brought about far-reaching changes in the way electricity is traded. Electricity exchanges are cropping up throughout Europe to enable the more efficient marketing of this new commodity and other forms of energy.
Wiener Börse AG has established an Austrian electricity exchange jointly with a syndicate of electricity producers and electricity trading firms.