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Gunvor Executes First Enwex German Onshore Wind Futures Block Trade on Abaxx Exchange

By The Northwire Desk — AI Analysis Nov 17, 2025 · 09:25 ABXX · 38.72 ABAXX TECHNOLOGIES INC.
ABXX · Price

Executive Summary

  • Abaxx Technologies announced the execution of the first Enwex German Onshore Wind (GWM) futures block trade on its exchange, trading 10 lots at EUR 28.45/hour.
  • The trade was brokered by TP ICAP and cleared by ADM Investor Services Singapore, KGI Securities, and Marex, marking a key milestone for renewable‑energy weather derivatives.
  • The new euro‑denominated, financially settled GWM futures contract provides market participants with a tool to hedge wind‑generation risk linked to the Enwex German Wind Index.

Key Details

  • Trade specifics: 10 lots of the February 2026 Enwex German Onshore Wind Futures contract traded at EUR 28.45 per hour.
  • Counterparties: Abaxx Exchange and Gunvor International B.V.; brokered by TP ICAP.
  • Clearing agents: ADM Investor Services Singapore, KGI Securities, Marex.
  • Contract characteristics: Euro‑denominated, financially settled; indexed to Enwex Wind Germany (forecast‑based index converting 100 m wind speed into generation utilization rates, expressed in €/MWh).
  • Trading hours: Available 10:00–24:00 SGT (14 hours), Monday‑Friday, excluding Singapore public holidays.
  • Purpose: Enables producers to hedge volume risk tied to wind variability and offers traders/investors a new instrument for expressing views on renewable generation and price dynamics.

Notable Quotes

  • “This first trade shows how exchange‑listed products can play a useful role in managing the growing exposure to renewable generation risk.” – Ronny Bendlin Spür, Weather Trader, Gunvor International B.V.
  • “Executing this inaugural trade marks a key milestone… we look forward to collaborating with all market participants to drive continued growth.” – Tim Boyce, Head of Weather Derivatives, EMEA, TP ICAP
  • “We are proud to clear the first trades on Abaxx’s Enwex German Wind Futures…” – Willy Cahyadi, Managing Director, ADM Investor Services Singapore
Read the original news release →

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