Enwex ERCOT Onshore Wind Futures Now Live for Trading on Abaxx Exchange

Core Insights - Abaxx Technologies has launched Enwex ERCOT Onshore Wind (EWM) futures, marking the expansion of its weather-indexed markets into the U.S. [2][3] - The EWM contract provides a hedge against weather-driven volume fluctuations and grid curtailments, specifically targeting wind-related risks [3][4] - Texas, leading the U.S. in wind power production, accounts for approximately 25% of the nation's wind energy, making ERCOT a significant market for wind energy [4] Company Overview - Abaxx Technologies is focused on creating Smarter Markets through advanced tools and technology to address societal challenges, including the energy transition [5] - The company is the majority shareholder of Abaxx Singapore, which owns the Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [6] - Abaxx Exchange aims to facilitate the transition to a low-carbon economy by providing market infrastructure for various commodities, including LNG, carbon, and battery materials [7] Product Details - The EWM futures are available for trading from 1000 to 2400 SGT, Monday to Friday, excluding Singapore public holidays [4] - Abaxx Spot modernizes gold trading with a physically-backed gold pool in Singapore, enabling secure electronic transactions and supporting physical delivery for gold futures [8]