Risk Management Exchange Explained

The Risk Management Exchange (RMX) was a futures exchange based in Hannover, Germany which filed for insolvency in February 2009.^[1]

It was founded as the Warenterminbörse Hannover (Commodity Exchange Hannover, WTB) in 1998 by the German Farmers' Union and a group of financiers.It was Germany's first fully electronic commodity exchange.^[2]

In December 2005 WTB and Dekrebo Kredit Börse merged and the new group was renamed RMX.^[3]

As of January 2007, current agricultural commodities traded are^[4]

• Hogs
• Piglets
• Potatoes (three kinds; 'Table', 'European Processing' and 'London')
• Wheat

The contract on brewing barley is suspended as of 30 April 2008. Recyclable paper contracts are currently suspended (as of 2005).Rapeseed was traded in the past.

References

1. http://www.flex-news-food.com/pages/21999/Germany/Trade/potatoes-butter-may-revive-german-exchange.html FlexNews - Potatoes and Butter May Revive German Exchange - 11 February 2009
2. https://web.archive.org/web/20000816213632/http://www.time.com/time/magazine/1998/int/980420/business.hedging_their_b18.html Time Magazine April 20, 1998 on the foundation of WTB
3. http://www.wtb-hannover.de/content/aktuelles/news/en/00416/index.shtml?b11&en Merger of DEKREBO and WTB
4. RMX web site, below

External links

• Risk Management Exchange web site (Dead link - 4 January 2010)