Hungarian exchanges HUDEX and CEEGEX extend their relationship with Trayport

The primary network and platform for European wholesale energy markets to expand support for key subsidiaries of HUPX Group.

June 9, 2021 (LONDON) – Trayport Limited (Trayport), a wholly-owned subsidiary of TMX Group, and the Hungarian Derivative Energy Exchange Ltd (HUDEX),  the youngest member of the HUPX Group and the first Hungarian financial energy exchange, today announced the extension of 3 years period to their agreement for the use of Trayport’s technology, specifically the Exchange Trading System (ETS) across CEEGEX spot gas, HUDEX power and gas futures markets which are all available via the Joule trading screen.

“We are delighted HUDEX are using Trayport technology to grow the markets they operate in, servicing their power, natural gas and future products via our Exchange Trading System (ETS) and Joule’’ said Richard Everett, Chief Operating Officer, Trayport. “HUDEX is an important member of our growing network of over 50 brokers, exchanges and clearing houses and we will continue to provide HUDEX’s members with direct access to market liquidity via our Joule front-end screens as well as offering seamless OTC trade registration. We look forward to working with HUDEX to support the continued growth of energy trading markets globally.” 

Trayport’s ETS is a powerful, real-time matching engine and front-end trading system enabling commodity exchanges to host an electronic marketplace. Designed for stability, the ETS is widely used to organise both physical and financial markets, and provides exchanges with a single solution for transparent price dissemination, matching of interest and running of orderly markets and feeds into the Joule front-end trading platform. 

“We are pleased to expand our collaboration and long term relationship with Trayport, as we focus on the ongoing effective development of the regions CEEGEX and HUDEX supports including Hungary and South Eastern Europe.” said Róbert Szőke Head of Market Operations, CEEGEX “Our markets have experienced significant growth in recent years, including a +68% increase in traded volume on HUDEX Power Market and +33% increase on HUDEX Natural Gas Market in 2020 compared to 2019. Trayport technology has been an important part of this success and we look forward to working closely together in the future as markets continue to evolve.” 

About Trayport Limited

Trayport is the primary network and platform for European wholesale energy markets. Our network and solutions support the growth of our clients and trading markets. Our solutions are used worldwide by traders, brokers and exchanges in multiple asset classes across OTC and cleared markets. Trayport Limited is a wholly-owned subsidiary of TMX Group Limited (TMX Group). For more information about Trayport Limited, visit www.trayport.com.

About HUDEX Energy Exchange Ltd/ HUDEX Energiatőzsde Zrt.

HUDEX (Hungarian Derivative Energy Exchange Ltd). founded on January 30, 2017, is the youngest member of the HUPX Group. HUDEX operates in power and natural gas market segments, where Hungarian power and natural gas future products are traded at one place, with one membership, with optional physical delivery for power products and mandatory physical delivery for natural gas products. HUDEX has experienced a significant boost of liquidity lately and is expecting further growth.

HUDEX supports HUPX Group’s key goal that the Hungarian futures energy market, as before, will continue to serve as a reference price in the so-called HUPX region, which includes Hungary and South-Eastern Europe. hudex.hu.

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For more information, please contact:

Asif Iqbal
Head of Marketing and Communications
Trayport Limited
+44 (0) 207 960 5500
asif.iqbal@trayport.com

Gabor Szatmari
Head of Sales
HUPX Group
+36 20 993 3949
szatmari@hupx.hu

www.ceegex.hu/en/ | www.hupx.hu/en/ | www.hudex.hu/en