HUDEX

HUDEX Hungarian Derivative Energy Exchange

Products List and Specifications - Natural gas segment

HUDEX Hungarian Natural Gas Futures
Product Name HUDEX Hungarian Natural Gas Base Load Product
Description Futures contracts of natural gas, delivered at the Hungarian Natural Gas Transmission Network operated by FGSZ Ltd.
Listing day 3rd of January 2018
Underlying product Delivered as default contract on MGP (virtual point) of the Hungarian Natural Gas Transmission Network followed by a nomination to FGSZ Ltd.
Basic quality of the underlying product         MSZ ISO 6976 type natural gas at GCV 25°/0°
Lot size (minimum tradable volume) 1 MW
Maximum quantity 1000 MW
Price characteristics In euro per MWh with two decimal digits
Tick (minimum tick value) One euro cent per MWh; 0.01 €/MWh
Minimum and maximum prices 0.01 €/MWh / 1000.00 €/MWh
Trading Days According to the Trading Calendar
Trading session opening According to the Trading Calendar
Trading procedure Continuous
Clearing and Settlement The Clearing House for the Natural Gas Segment of HUDEX is KELER CCP according to the Market Rules of HUDEX.
Settlement Prices Settlement Prices will be published by HUDEX on its official website as soon as possible after the closing of the Market on each trading day.
Delivery Delivered on MGP (virtual point) of the Hungarian Natural Gas Transmission Network followed by a nomination to FGSZ Ltd.
HUDEX Hungarian Natural Gas Futures Contracts
Eligible Contracts the next 3 individual Months
the next 4 individual Quarters (defined as Jan-Mar, Apr – Jun, Jul – Sep and Oct –Dec)
Contract delivery size 1 MWh/h x days x hours
Monthly Contract series:
  • 672 MWh (Feb, non-leap)
  • 696 MWh (Feb, leap)
  • 743 MWh (Mar)
  • 744 MWh (Jan, May, Jul, Aug, Dec)
  • 720 MWh (Apr, Jun, Sep, Nov)
  • 745 MWh (Oct)
Opening Day Opening of new Contract takes place at expiry of old Contract series
Last trading day and cascading The Last Trading Day of a Contract series takes place 2 Clearing House’s business days (according to the Clearing House’s calendar) before start of the delivery period for monthly contracts, and 3 Clearing House’s business days (according to the Clearing House’s calendar) for quarterly contracts. Quarterly contract cascades into 3 individual Monthly contracts.
Method of delivery All contracts are physical contracts and lead to physical delivery on MGP (virtual point). Delivery occurs each calendar day of the delivery period for the contract under consideration. For a given day D of the delivery period, the delivery goes from 06:00 a.m. CET of day D to 06:00 a.m. CET of day D+1.

New products