DGAP-News: Advantag Aktiengesellschaft: Advantag AG brokerage firm uses new clearing model for its customers
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Advantag Aktiengesellschaft: Advantag AG brokerage firm uses new
clearing model for its customers
05.12.2013 / 17:53
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EEX and ECC welcome biw AG as a Clearing Member for CO2 Primary Market
Auctions
Gelder/ Leipzig, 5 December 2013. The European Energy Exchange (EEX) and
its clearing house European Commodity Clearing (ECC) are pleased to
announce a new cooperation with biw Bank für Investments und Wertpapiere AG
(biw AG).
As part of this cooperation, ECC has admitted biw AG as a Direct Clearing
Member. Furthermore, biw AG was admitted as a participant for the primary
market auctions of emission allowances at EEX. Therefore, biw AG can offer
a clearing access model for the auctions and will make its infrastructure
available for trading and clearing to this end.
Advantag AG is the first partner to use this access provided via biw AG. As
a result, this enables its customers to take part in the primary market
auctions at EEX.
'This cooperation gives Advantag AG and further interested partners the
opportunity to use our technical and legal infrastructure as an online bank
and provide them with transparent and financially attractive access to
exchange trading. Initially, the cooperation will cover the primary market
for emission allowances, however, an expansion to further products and
markets is envisaged', explains Andreas Wolf, board member of biw AG.
'With biw we have found a partner with many years of experience', comments
Raik Oliver Heinzelmann, sole member of the Board of Advantag. 'Now, we can
enable our growing customer base to participate in the auctions for EU
allowances', the emissions trading expert explains.
'This clearing model grants further participants and, in particular, small-
and mediumsized companies which do not wish to take part in the auctions
directly through the exchange but through intermediaries, access to the
primary market auctions', concludes Steffen Köhler, Chief Operating Officer
at EEX.
The European Energy Exchange (EEX) is the leading energy exchange in
Europe. It develops, operates and connects secure, liquid and transparent
markets for energy and related products on which power, natural gas, CO2
emission allowances and coal are traded. Clearing and settlement of all
trading transactions are provided by the clearing house European Commodity
Clearing AG (ECC). EEX is a member of Eurex Group.
European Commodity Clearing (ECC) is the central clearing house for energy
and related products in Europe. In its capacity as the central counterparty
ECC assumes clearing as well as physical and financial settlement of
transactions concluded on
CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX,
Powernext and PXE or registered for clearing on these exchanges.
biw Bank für Investments und Wertpapiere AG was established in 2005 and is
one of the most modern online banks in Germany today. As part of the XCOM
AG corporate group, biw AG offers its partners and legal entities a
platform for professional securities trading as a white label transaction
bank. In addition, the bank supports medium-sized companies in the fields
of initial public offerings, take-overs and mergers. It provides municipal
loans and lombard loans as wellas citizen loans. Moreover, it assumes
custody transactions for asset managers, financial intermediaries, banks
and other financial service providers. Together with its partners, biw AG
also provides cash for retail and offers innovative solutions regarding the
field of cash management. In addition, the bank supports other financial
institutions with banking know-how and innovative financial ideas, for
example, providing outsourcing solutions for banking products.
Further information is available at: www.biw-bank.de.
Advantag AG was established in 2009. The brokerage firm is one of the
leading CO2 brokers in Germany and was the first environmental financial
service provider to be granted a BaFin license to take part in the auctions
on EEX for its customers. Advantag works for clients such as; automobile
producers, energy producers, airlines and plant operators from all
industries which are subject to the requirement to take part in emissions
trading. As a result of its mature organisational structure, the company
can implement the settlement of transactions on the same day (T+0). In
addition to trading in emission rights and guarantees of origin, Advantag
supports companies and private persons in determining and voluntarily
compensating their carbon footprints. The CO2 brokerage firm is listed on
the Dusseldorf stock exchange. Further information is available at:
www.advantag.de.
Contact:
European Energy Exchange AG
Katrin Berken
Phone: +49 341 21 56 - 202 E-Mail: katrin.berken(at)eex.com
www.eex.com
Augustusplatz 9 | 04109 Leipzig (Germany)
Advantag Aktiengesellschaft
Jörg Kronenberger
Phone: +49 2831 1348220 E-Mail: trading(at)advantag.de www.advantag.de
Glockengasse 5 | 47608 Geldern (Germany)
biw Bank für Investments und Wertpapiere AG
Sarah Schreiber
Phone: +49 2156 4920332 E-Mail: kontakt(at)biw-bank.de www.biw-bank.de
Hausbroicher Straße 222 | 47877 Willich
End of Corporate News
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