GDF Suez boosts Hungarian electricity market
The Brussels-based trading arm of GDF Suez yesterday extended its market making service for Hungarian futures traded on the Prague Energy Exchange (PXE).
The company has provided liquidity for the Czech and Hungarian markets since May, and is now quoting prices on CAL11 and CAL12 baseload for the first time in Hungary's power market.
"For the first time in history of the Hungarian power market a participant is openly quoting multiple years in advance, which is a great support for both liquidity and transparency," says David Kuèera, PXE general secretary.
PXE's Slovak power futures has also experienced higher quoting interest on baseload products
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