Commodity Exchange

The general Commodity Exchange founded in 1872 was joined with the Vienna Stock Exchange to form the Vienna Stock and Commodity Exchange in 1876. Ever since, the Wiener Börse has had two departments; the Stock Exchange and the Commodity Exchange. However, Vienna had never been an important market for commodities. High volumes of dealings in commodities were made only during the years 1921 to 1924. The importance of the Vienna Commodity Exchange for the economy today lies above all in such typical ancillary activities as publishing Official Lists for the most important goods traded, drawing up trading rules, expert opinions and sample drawings, and of course, in the Court of Arbitration.

The Commodity Exchange gained new significance when trading in electric power was introduced on 21 March 2002 and trading in gas contracts on 11 December 2009.

Wiener Börse AG charged EXAA Abwicklungsstelle für Energieprodukte AG (EXAA) with the task of providing and operating an automated trading system for trading in energy and environmental products on the Vienna Stock Exchange in its function as a general commodity exchange, and also with the function of settlement and clearing agent pursuant to § 26 para. 3 Stock Exchange Act for the settlement and clearing of exchange trades in energy and environmental products.  Trading in electric energy products and in environmental products takes place exclusively through the automated trading and clearing system smart.XTRADE made available and operated by EXAA in accordance with the applicable General Terms and Conditions of Business (Special Terms) of the Vienna Stock Exchange in its function as a commodity exchange.

Apart from Wiener Börse AG, the shareholders of EXAA are Oesterreichische Kontrollbank Aktiengesellschaft, smart technologies Management-Beratungs- und Beteiligungsgesellschaft m.b.H., APCS Power Clearing and Settlement AG, and eight power utilities.

Further information on trading in electric power is available at www.exaa.at

Wiener Börse AG operates the CEGH Gas Exchange of the Vienna Stock Exchange jointly with Central European Gas Hub AG (CEGH). CEGH is the operator of a gas hub and therefore the central exchange for gas flows in the Market Area East. Within the scope of exchange trading, Wiener Börse AG assumes the tasks of admission, trade surveillance and operational market control. Client support and product development are primarily the tasks of CEGH. Trade is executed via the Trayport ETS trading system. The clearing and settlement of exchange trades is done by European Commodity Clearing AG (ECC) in Leipzig, which acts as the central counterparty, while physical settlement is done via CEGH.

The owners of CEGH are OMV Gas & Power GmbH with a stake of 65% as well as Wiener Börse AG (20%) and Slovak Eustream s.a. (15%).

Further information is available at www.ceghex.com