Core Insights - Abaxx Technologies Inc. has launched the Enwex U.K. Onshore Wind (UWM) futures, marking the second contract in its weather derivatives suite, aimed at managing wind-generation variability in the U.K. market [1][2] - The U.K. contract is the first exchange-listed benchmark for U.K. wind generation, addressing the unique risk profile of a wind-dependent power market influenced by Atlantic weather patterns [2][4] - The contract is denominated in pound sterling and is indexed to a forecast-based index that translates wind speed into standardized generation utilization rates, expressed in £/MWh [3] Company Overview - Abaxx Technologies is focused on building smarter markets through improved tools, benchmarks, and technology to address societal challenges, including the energy transition [5] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Exchange and Abaxx Clearing, and is involved in developing digital market infrastructure [6][7] - Abaxx Exchange aims to facilitate the shift towards a low-carbon economy by providing centrally-cleared, physically-deliverable futures contracts across various commodities [7] Market Impact - The introduction of the U.K. wind futures is seen as a significant step towards increasing market accessibility and reflects Abaxx's commitment to developing weather markets [4][2] - The contract allows for the transfer of volumetric risk from renewable generation into exchange-traded products, enhancing market pricing and management capabilities [4][2] - The trading hours for the Enwex U.K. Onshore Wind futures are set from 1000 to 2400 SGT, Monday to Friday, excluding Singapore public holidays [4]