| Assignment Name:Assistance for the Implementation of the Commodity Exchange Hanover |
Country: Germany |
| Location within Country:Hannover |
Professional Staff Provided by your Firm: 2 |
| Name of Client: F?rderverein Warenterminb?rse Hanover |
No. of Staff: 2 |
Address:Prinzenstra?e 7
Hanover
Germany
|
No. of Staff Months, Duration of assignment: 2 staff-months
Duration: 2 months |
|
Start Date:May 1998 |
Completion Date:June 1998 |
Approx. Value of Services:N/A |
| Name of Associated Firm(s) if any:- |
No. of Months of Professional Staff Provided by Associated Firm(s):- |
| Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Project Manager: Mr. Hannes A. Takacs |
|
Narrative Description of Project: |
|
It was planned to established a fully electronic European Commodities Exchange in Hanover. The already completed feasibility study proved the viability of the WTB given certain technical, financial and structural requisites. WTB needed to take the next steps which was (1) to carry out a design study to specify the platform on which to operate the exchange and its clearinghouse, and (2) to find a competent and experienced partner to develop the necessary tools and procedures to run the exchange.
Project objectives at a glance were:
- Development of the necessary organizational structures to guarantee the smooth operation of the new exchange and the clearinghouse
- Identification of the tasks required of participants in order for them to effectively participate in the market
|
|
Description of Actual Services Provided by your Staff: |
- Definition of product specifications (class, group, type, naming conventions)
- Drafting of a market mechanism (trading, clearing, settlement, transparency & information dissemination, reporting and supervisory bodies)
- Clarification of the market organization (participation structures, market maker obligation/incentives system)
- Establishment of a help-desk
- Selection of appropriate software
- Establishment of a training center
- Drafting of supervision and monitoring tools
- Specification of trading issues, procedures and specifications
- Definition of clearing and settlement procedures
- Development of a marketing plan
- Definition of a risk management policy
|
The Capital Market Experts
