First Trade Marks Milestone for Renewable Risk Management

Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) announced the execution of the first Enwex German Onshore Wind (GWM) futures block trade on its exchange platform, with participation from commodity trading giant Gunvor International B.V. The landmark transaction, completed on November 17, 2025, signals growing institutional acceptance of exchange-listed weather derivatives for managing renewable generation variability.

The two parties traded 10 lots of the February 2026 Enwex German Onshore Wind Futures contract at EUR 28.45 per hour. The trade was brokered by TP ICAP, with clearing services provided by ADM Investor Services Singapore, KGI Securities, and Marex.

“This first trade shows how exchange-listed products can play a useful role in managing the growing exposure to renewable generation risk,” said Ronny Bendlin Spür, Weather Trader at Gunvor International B.V., Amsterdam, Geneva Branch¹.

Addressing Wind Generation Volatility

The rapid expansion of wind generation across Europe has fundamentally shifted energy market dynamics from demand-side to supply-side volatility. Germany’s substantial installed wind capacity creates significant financial exposure for utilities, renewable producers, and traders who must manage the unpredictability of wind-driven output.

The Abaxx Enwex German Wind futures address this evolving market need by providing the first exchange-listed benchmark specifically designed for wind generation risk management. The euro-denominated, financially-settled contract is indexed to Enwex Wind Germany, a forecast-based index that translates wind speed measurements at 100 meters into standardized generation utilization rates, expressed in EUR/MWh².

This standardization enables market participants to hedge volume risk driven by weather variability in wind output, providing a transparent and standardized tool for the German wind generation market. Trading hours run from 10:00 to 24:00 Singapore time, Monday through Friday, accommodating participants across multiple time zones.

Strong Platform Growth Supports New Products

Abaxx Technologies has positioned itself as a critical infrastructure provider for the energy transition through its Singapore-based exchange and clearinghouse operations. The company’s third quarter 2025 results demonstrate strong momentum across its platform, essential for supporting new products like the wind futures contract.

The company reported an 88% quarter-over-quarter increase in its connected participant base, with more than 150 firms now fully connected or in the onboarding process³. Connectivity with market makers and liquidity providers grew 93% quarter-over-quarter to 29 firms, strengthening liquidity across Abaxx’s product verticals.

Beyond wind futures, Abaxx has seen significant growth in its existing products. LNG futures trading increased 83% in September over August, with 9,486 contracts traded in Q3, equivalent to 27 physical cargoes. Gold Singapore Futures, launched in June, reached 54,128 contracts traded through September 30, 2025³.

The company has also launched Adaptive Infrastructure, a wholly-owned subsidiary providing institutional-grade custodial, settlement, and transfer agency services across markets. Additionally, Abaxx has implemented multi-currency settlement features, increased system capacity by approximately 150%, and progressed ISO 20022 compliance to align with global financial messaging standards³.

Market Implications and Future Development

The successful launch and first trade of German wind futures carries significant implications for European energy markets. As renewable generation continues expanding to meet climate targets, sophisticated risk management tools become increasingly critical.

For renewable energy producers, the futures contract offers a mechanism to hedge revenue uncertainty caused by wind variability. Power utilities can manage their exposure to renewable generation intermittency, while traders and investors gain access to a new asset class for expressing views on weather conditions and their impact on power markets.

Abaxx Technologies has indicated that the German wind futures represent the first in a planned portfolio of weather contracts. Additional wind and solar contracts, denominated in local currencies, are planned across Europe and North America, subject to regulatory review². The company’s pending application with the U.S. Commodity Futures Trading Commission for recognition as a Foreign Board of Trade remains under review, which could open additional market opportunities.

The involvement of established players like Gunvor, one of the world’s largest physical energy commodity traders, and TP ICAP, a leading interdealer broker, demonstrates institutional-grade infrastructure supporting these new weather derivatives. This participation validates the contract’s commercial viability and potential for liquidity development as the energy transition accelerates globally.