HUDEX LAUNCHED SUCCESSFULLY
First Hungarian financial energy exchange aims to become the leading power and gas market of the region
Budapest, 03/01/2018: With the entry into force of MiFID II. regulation, the first Hungarian financial energy exchange, HUDEX has also been launched successfully today. The new member of HUPX Group (HUDEX) will support the group’s primary objective to provide reference price and to maintain the leading position in the Balkan region.
Operation of the new market started seamlessly with 24 members and altogether 30 members are expected to trade on the platform by the end of January. HUPX Group will make every effort to ensure constant developments for its liquidity in the future as well: for this purpose, HUDEX is working on developing new energy products for the Balkan and the Hungarian markets and looking to further develop its clearing registration services for OTC trades.
Bids can be placed on the platform of Trayport GlobalVision, while the European Commodity Clearing AG (ECC) will remain the Clearing House for electricity traded products, and KELER CCP Ltd. continues providing the clearing services for natural gas trading. Day Ahead and Intraday power products will still be available on HUPX, while spot gas products on CEEGEX.