Abaxx completes Enwex German Onshore Wind futures trade

Executive Summary

• Abaxx Technologies executed the first Enwex German Onshore Wind futures block trade on the Abaxx Exchange, marking a significant milestone in the expansion of weather derivatives into renewable energy generation.
• The trade involved Gunvor International BV and was brokered by TP ICAP, demonstrating the viability of standardized exchange products for managing renewable generation risk.
• The new futures contract serves as the benchmark for the Enwex German Wind Index, allowing market participants to hedge volume risk associated with wind variability.

Key Details

• Trade Execution: First Enwex German Onshore Wind futures block trade executed on Nov. 17, 2025.
• Counterparties: Gunvor International BV (participant) and Abaxx Technologies Inc. (exchange operator).
• Brokerage and Clearing: Brokered by TP ICAP; clearing services provided by ADM Investor Services Singapore, KGI Securities, and Marex.
• Trade Specifications:
  • Volume: 10 lots.
  • Contract: February 2026 Enwex German Onshore Wind futures.
  • Price: 28.45 euros per hour.
• Contract Structure:
  • Currency: Euro-denominated.
  • Settlement: Financially settled.
  • Index: Enwex Wind Germany (forecast-based index translating wind speed at 100 meters into standardized generation utilization rates).
  • Unit: Euros per megawatt-hour.
• Trading Hours: 10 a.m. to 12 a.m. Singapore Time (14 hours), Monday to Friday, excluding Singaporean public holidays.
• Strategic Purpose: Provides a mechanism for producers to hedge volume risk tied to generation output and offers traders/investors a new instrument for expressing views on wind conditions and price dynamics.

Notable Quotes

• Ronny Bendlin Spur, Weather Trader at Gunvor International: "This first trade shows how exchange-listed products can play a useful role in managing the growing exposure to renewable generation risk... By completing the first wind futures trade on Abaxx, we've helped demonstrate how standardized exchange products can bring transparency, efficiency and liquidity to the weather derivatives market."
• Tim Boyce, Head of Weather Derivatives, TP ICAP: "Executing this inaugural trade marks a key milestone, and we look forward to collaborating with all market participants to drive continued growth."
• Willy Cahyadi, Managing Director, ADM Investor Services: "We are proud to clear the first trades on Abaxx's Enwex German Onshore Wind futures on behalf of ADMIS's global client base... we continue to provide the dependable and innovative solutions our clients rely on to manage risk with confidence."