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 a new significance when trading in electric energy was introduced on 21 March 2002 and trading in environmental products on 28 June 2005.

Wiener Börse AG has charged EXAA Abwicklungsstelle für Energieprodukte AG (EXAA) with the task of making available and operating an automated trading system for trading in energy and environmental products on Wiener Börse as general Commodity Exchange and to act as the settlement and clearing pursuant to Art. 26 par. 3 SEA for the settlement and clearing of exchange trades in energy and environmental products. Trading in electric energy products and in environmental products shall take place exclusively through the automated trading and clearing system, smart.XTRADE, made available and operated by EXAA, pursuant to the applicable general terms and conditions of business (special terms) for Wiener Börse 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.

More information on trading in electric energy is available at www.exaa.at.