Current number of members on DAM | Current number of members on IDC | Current number of members on IDA | All HUPX members |
|---|---|---|---|
109 | 101 | 66 | 117 |
List of members
Onboarding
The applicant can only begin to trade on the HUPX markets and register trades once it has been successfully admitted to the exchange.
Preconditions of the membership:
- Trading license or other license issued by Hungarian Energy and Public Utility Regulatory Authority (MEKH)
- Balance group membership at MAVIR Ltd. (Hungarian Transmission System Operator)
- Clearing Bank selection, admission to ECC and appropriate assurance on deposit account
- HUPX Trader exam (or EPEX Spot Trader exam)
For more information regarding clearing bank selection and admission to ECC please visit ECC's website.
Admission forms:
For the finalization of the HUPX Admission the following HUPX Forms and Supporting documents are required:
- C01. Membership Agreement
- D01. Identification form
- D02. Form about the authorized signatory
- D03. Trader registration form
- D04. Trading account form
- D04a (ETS Trading System)
- D04a (M7 Trading System)
Supporting documents:
- Company Registration Extract (issued within 60 calendar days)
- copy of trading license or other license issued by MEKH
- copy of Verification of Balance group membership issued by MAVIR Ltd.
- copy of VAT certification
HUPX Admission Package
Pricing
FEES | DAM | IDA | IDC |
|---|---|---|---|
Entrance fee | 18 000 € | ||
Membership fee |
| ||
DAM, DAM+IDC, DAM+IDA, DAM+IDC+IDA | 1 200 € / month | ||
only IDA + IDC | - | 750 € / month | |
only IDC | - | - | 500 € / month |
only IDA | - | 500 € / month | - |
Technical fees |
| ||
System fee | 550 € / month * | 500 € / month | 750 € / month ** |
System extra bandwidth fee | - | - | 250 € / month / |
Additional ETS/MATS user *** | 250 € / month | - | |
Additional ETS/MATS portfolio *** | 250 € / month | - | |
ETS API user | 500 € / month for DAM or IDA 750 € / month for DAM and IDA | - | |
MATS API user | 250 € / hónap |
| |
Additional M7 user | - | - | 250 € / month |
M7 API functionality | - | - | 166 € / month |
Net transaction fees (all items are subject to VAT ) |
| ||
Transaction fee | 0,07 € / MWh | 0,10 € / MWh | 0,10 € / MWh |
HUDEX physical delivery transaction fee | 0,05 € / MWh | - | - |
OTC Clearing registration fee | - | - | 0,10 € / MWh |
HUPX ID - Extra order bandwidths available
From 1 July 2025, a new version of the Technical Requirements entered into force. As part of this update, HUPX increases the maximum number of order events allowed per Trading Day on the Intraday Continuous Market to 185,000 per HUPX Member, unless a higher limit is defined in a Market Maker and/or Liquidity Provider Agreement. In line with this change, the Order Bandwidth structure will also be revised as of 1 July. The updated pricing details are presented in the table below.
0-10 000 order events | Bandwidth 1: 0 – 45 000 order events | Bandwidth 2: 0 – 80 000 order events | Bandwidth 3: 0 – 115 000 order events | Bandwidth 4: 0 – 150 000 order events | Bandwidth 5: 0 – 185 000 order events |
|---|---|---|---|---|---|
| included in system fee | 250 EUR / month | 500 EUR / month | 750 EUR / month | 1000 EUR / month | 1250 EUR / month |
* HUPX DAM Trading System standard access is provided with two (2) users and two (2) portfolios.
** HUPX IDM Trading System standard access is provided with two (2) users.
*** For the Day-Ahead Market and the Intraday Auction Market Members can use the same users and portfolios and additional users and portfolios are charged only once
Further details regarding the regulation:
Trader exam
Traders must be professionally qualified to trade on HUPX. Evidence of the required specialized knowledge is demonstrated by passing an exam (HUPX Traders exam), leading to the qualification as a HUPX Trader.
All Exchange Traders who were previously passed the EPEX SPOT Trader’s exam shall not have to pass the HUPX Trader’s Examination for trading on HUPX SPOT.
The training and the exam are managed by HUPX. To apply for the exam, please send us the filled in and signed application form for membership@hupx.hu.
Online exam
From October 13, 2018 online trader training and exam services are available. The E-learning system provides remote access to training materials and gives the opportunity to take the exams online.
HUPX Trader’s exam and workshop fees | |
Online materials and trader’s exam | |
| Regular price | 600 € |
| 5 - 10 trainees | 550 € |
| 11 - 20 trainees | 500 € |
| Above 20 trainees | 450 € |
Workshop fee | |
| Tailor-made Workshop | On demand |
In case of any question, feel free to contact us at membership@hupx.hu!
For further information please find the documents below: