The Hungarian Derivative Energy Exchange (HUDEX) announced the launch of operations on 3 January. Physical futures in electricity and gas, which were earlier traded on the HUPX electricity and CEEGEX gas exchanges, will now be traded on the HUDEX in order to comply with the Markets in Financial Instruments Directive (MiFID).
The statement from HUDEX said that The aim of HUPX Group is to ensure the continuous availability of the currently traded power and natural gas physical futures products, subject to the new requirements, and at the same time to exploit the product development potentials offered by the new regime.
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Tags: electricity, electricity exchange, futures, gas, HUDEX, Hungary, HUPX