The official foundation of greenmarket Commodity Exchange took place on 25 Mai 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 fairtrade 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 Dead 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 und 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 fairtrade 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
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Constituent Assembly Of greenmarket Exchange Council - New Commodity Exchange Founded By The Bavarian Stock Exchange
Date 29/06/2011