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 drawing up trading rules, expert opinions and sample drawings, and 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.
Energy Exchange Austria (EXAA)
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 § 9 para. 3 Austrian Stock Exchange Act 2018 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.