HUDEX

HUDEX Hungarian Derivative Energy Exchange

Membership Admission

The applicant can only begin to trade on the HUDEX markets and register trades once it has been successfully admitted to the exchange.

Preconditions of the membership:

  • HUDEX Trader exam (or HUPX PhF Trader Exam and CEEGEX Spot and PhF Trader Exam )
  • ECC and KELER membership

    Further preconditions for those who are not a members either at HUPX or at CEEGEX:
  • Network Usage Agreement with FGSZ Ltd.
  • trading license for natural gas
  • trading license for electricity or investment firm license

    Further preconditions for those who are not a members either at HUPX or at CEEGEX and request physical delivery for power:
  • Balance group membership (at MAVIR Ltd.)
  • Electricity trading licence
  • HUPX DAM membership

    For more information regarding clearing bank selection and admission to ECC please visit ECC's website.
    For more information admission to KELER please visit KELER’s website.

After fulfilling the preconditions the applicant shall send the completed admission forms and supporting documents via email to the membership@hupx.hu and the originals to HUDEX via post:

  • duly signed identification form in original (H01)
  • duly signed Membership Agreement in 2 originals (H02)
  • duly signed trader registration form (H03) as well as trader’s CV and copy of ID
  • duly signed „Know Your Customer” form in original (H04)

Supporting documents:

  • Company Registration Extract (issued within 30 calendar days)
  • duly signed REMIT reporting agreement in 2 originals or statement that the applicant does not intend to conclude the Data Reporting Agreement with HUDEX Energy Exchange Ltd.

    Further preconditions for those who are not a members either at HUPX or at CEEGEX:
  • copy of Network Usage Agreement with FGSZ Ltd.
  • copy of trading license for natural gas issued by MEKH (Hungarian Energy and Public Utility Regulatory Authority)
  • copy of VAT certification

    Further preconditions for those who are not a members either at HUPX or at CEEGEX and request physical delivery for power:
  • copy of Verification of Balance group membership issued by MAVIR Ltd.
  • copy of trading licence for electricity issued by MEKH

   HUDEX Q&A

   HUDEX admission documents

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