RMX Risk Management Exchange
The publicly controlled exchange RMX Risk Management Exchange (RMX) emerged from the commodity futures exchange Hanover and Dekrebo Munich and operated two segments. In the RMX Commodities segment , commodity futures contracts on agricultural products were traded. Since the first quarter of 2008, RMX Kredit has offered a technical platform for transferring loan shares . Both stock exchange segments identified needs-based risk management solutions, alternative investment options and transparency and thus market-driven requirements for a liquid secondary market.
At the commodity futures exchange founded in 1998, in addition to agricultural commodities, loan sub-investments, so-called creparts ©, have been traded since 2008. The owner of the stock exchange (most recently Eucomex AG) returned the stock exchange license on September 30, 2009.
In accordance with Section 3 (5) sentence 3 number 1 of the Stock Exchange Act, the Lower Saxony stock exchange supervisory authority ordered the cessation of trading on the Risk Management Exchange Hannover from October 1, 2009, as the existing stock exchange license was returned.
The stock exchange acted as an independent marketplace focused on the commodities and financial products segments. The objectivity and seriousness of this business area were ensured by the shareholders and the stock exchange's regulations, which are examined by all banking associations and controlled by public law.
With this foundation - created on the first web-based exchange platform - the RMX offered exchange participants, directly and indirectly, a risk control instrument that created new design options that could be used internationally.
Commodities segment
Commodity futures contracts on agricultural products were traded in the RMX Commodities segment . Commodity futures on agricultural products were traded in the RMX Commodities segment . These forward contracts have historically emerged from classic delivery contracts - forwards . All price-setting parameters - quantity, quality, fulfillment, etc. - were exactly standardized. Negotiations on these points were accordingly eliminated and a deal is concluded automatically as soon as the price of the buy and sell orders match.
The following products were traded: pigs, piglets, potatoes, wheat and brewing barley.
Financial products segment
Since the first quarter of 2008, RMX Creparts ™ has offered a technical platform for transferring loan shares.
In accordance with Section 3 (5) sentence 3 number 1 of the Stock Exchange Act, the Lower Saxony stock exchange supervisory authority ordered the suspension of trading in the credit trading trading segment of the Risk Management Exchange and canceled the existing stock exchange permit pursuant to Section 4 (5) sentence 1 number 2 of the Stock Exchange Act, as this violated the stock exchange operating company, the Risk Management Exchange AG on May 29, 2009 the insolvency proceedings were opened.