Hungarian Power Exchange (HUPX) has selected Trayport’s GlobalVision(SM) exchange trading system for the operation of its physical futures market. HUPX will initially list local Hungarian contracts, including monthly, quarterly and yearly base and peak load futures products and go live with Trayport’s system in the second quarter of 2011.
Trayport’s system also offers integration with GlobalVision Trading Gateway(SM), providing HUPX technical access to over 160 active trading companies across Europe. HUPX and European Commodity Clearing have signed a letter of intent on the provision of clearing services for the Hungarian physical futures market.
Click here for the release from PR Newswire.