Enwex Netherlands, France and Spain Wind Futures Now Live for Trading on Abaxx Exchange

Core Viewpoint - Abaxx Technologies Inc. has launched trading for Enwex Netherlands, France, and Spain Onshore Wind futures, providing standardized tools to manage wind generation risk across major European renewable markets [1][2]. Group 1: Product Launch and Features - The newly introduced wind futures contracts are designed to hedge against the variability in electricity output caused by wind generation, which affects revenue and utilization for market participants [2]. - Each contract is euro-denominated, financially settled, and indexed to the respective Enwex Wind country index, which measures forecast wind conditions at 100 meters and expresses standardized generation utilization rates in €/MWh [3]. - Trading for these contracts is available from 1000 to 2400 SGT, Monday to Friday, excluding Singapore public holidays [4]. Group 2: Market Impact and Infrastructure - The introduction of wind futures across six major power markets establishes a consistent set of weather-indexed benchmarks, facilitating reference pricing for wind generation variability across different jurisdictions [4]. - Abaxx Exchange aims to support the transition to a low-carbon economy by providing market infrastructure that includes centrally-cleared, physically-deliverable futures contracts in various commodities [7]. Group 3: Company Overview - Abaxx Technologies focuses on creating smarter markets through improved tools, benchmarks, and technology to address significant societal challenges, including the energy transition [5]. - The company is the majority shareholder of Abaxx Singapore, which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot, a platform for modernizing physical gold trading [6].