Enwex United Kingdom Onshore Wind (UWM) futures contract
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Abaxx to Launch Enwex United Kingdom Onshore Wind Futures on December 12, 2025
Globenewswireยท 2025-12-05 12:55
Core Insights - Abaxx Technologies Inc. is launching its Enwex United Kingdom Onshore Wind (UWM) futures contract on December 12, 2025, pending regulatory review, expanding its weather-indexed futures offerings [1][2] - The UWM futures contract is designed to manage weather-driven volume risk in the UK power market, which is heavily influenced by wind generation [2][3] - This launch follows the introduction of German Wind futures in November, indicating a strategic expansion into major European wind markets [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 [3] - The company is the majority shareholder of Abaxx Singapore, which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot Pte. Ltd. [4] - Abaxx Exchange provides critical market infrastructure for a low-carbon economy through centrally-cleared futures contracts in various commodities [5] Product Details - The UWM futures contract is a pound sterling-denominated, financially-settled product indexed to the Enwex Wind United Kingdom, translating wind speed into standardized generation utilization rates [2] - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, supporting secure electronic transactions and physical delivery for gold futures contracts [6] Market Impact - The introduction of weather-indexed benchmarks like UWM strengthens the foundation for hedging renewable generation risk in wind-dependent power systems [2][3] - Abaxx's initiatives aim to meet the commercial needs of today's commodity markets while establishing new global benchmarks [5]