With the ECC Clearing Circular No. 07/2016 “Introduction of HUPX Intraday Market we informed about offering clearing services for the Hungarian Intraday Power products traded at Hungarian Power Exchange Zrt. (HUPX).
Trading for HUPX Intraday Power products will start on 9 March 2016 at 03:45 pm CET with contracts for delivery day 10 March 2016. With the launch of the HUPX Intraday Market, ECC together with HUPX offers Financial Trading Limits which are free of charge. Clearing Members shall provide the initial trading limits for their Non-Clearing Members latest until 4 March 2016 in free format via email to limits@ecc.de. If the Clearing Member does not provide a limit for a Non-Clearing Member, the limit value will be set to zero in the HUPX Intraday Market trading system.
Detailed information regarding the new products, the settlement processes and the preconditions for participation can be found within the ECC Clearing Circular No. 07/2016.