Tradition’s Central and Eastern Power Desk made the first Hungarian Power Exchange Cleared Deal

August 10, 2011

On 10 August 2011, Tradition made the first Hungarian Power Exchange (HUPX) OTC cleared deal. It
was 5MW of Q112 Hungary Baseload, at 61.30 Euro/MWh. The trade will be cleared via ECX clearing house which also clears EEX business, this offers the possibility of cross market cleared spreads in the future.

Jason Curtis, Manager C.E.E., S.E.E. and Italian Power at Tradition, comments-

“Tradition is pleased to announce the successful cooperation with HUPX (The Hungarian Power Exchange) and will continue to innovate with new products in the Power markets of Central and South Eastern Europe. We hope that Cleared Power products in Hungary will complement the already liquid OTC market, adding to the Trading and Hedging Instruments already at our customers’ disposal.”

Enquiries:

Kayi Ho – Marketing & Communications, Tradition

Tel: +44 (0)20 7198 5820

About Tradition Energy

Tradition Energy is one of the world’s largest energy procurement advisors to commercial, industrial and governmental organizations, including Fortune 500 global companies. Tradition Energy is the commercial arm of Tradition’s award-winning institutional energy brokerage division, which has eight offices worldwide, with over 300 energy specialists and has been in the energy business since 1986. Represented in 27 countries, Tradition employs over 2,500 people globally. Tradition is the interdealer broking arm of Compagnie Financière Tradition (CFT) and is listed on the Swiss stock exchange. For more information, please visit www.traditionenergy.com or

Tradition Energy
3050 Post Oak Blvd., Ste. 530, Houston, TX 77056
Tel: 1-877-517-6937 Fax: 713-979-2549
www.TraditionEnergy.com