Gunvor Executes First Enwex German Onshore Wind Futures Block Trade on Abaxx Exchange

TORONTO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets Podcast, today announced the execution of the first Enwex German Onshore Wind (GWM) futures block trade on Abaxx Exchange with participation from Gunvor International B.V. (“Gunvor”) on November 17, 2025.

The two parties traded 10 lots of the February 2026 Enwex German Onshore Wind (GWM) Futures contract at EUR 28.45/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 Branch. “By completing the first wind futures trade on Abaxx, we’ve helped demonstrate how standardized exchange products can bring transparency, efficiency, and liquidity to the weather derivatives market. As wind and solar continue to shape price dynamics in power markets, the ability to hedge resource-driven volatility will become essential for producers, investors, and energy traders alike.”

Tim Boyce, Head of Weather Derivatives, EMEA at TP ICAP added, “As the world's leading interdealer broker, we proudly leverage our global network and deep expertise to enhance market liquidity. Executing this inaugural trade marks a key milestone, and we look forward to collaborating with all market participants to drive continued growth.”

Willy Cahyadi, Managing Director, ADM Investor Services Singapore, stated, “We are proud to clear the first trades on Abaxx’s Enwex German Onshore Wind Futures on behalf of ADMIS’ global client base. As energy markets evolve, we continue to provide the dependable and innovative solutions our clients rely on to manage risk with confidence.”

Abaxx Enwex German Onshore Wind (GWM) Futures extend weather derivatives into renewable generation, providing a practical way for market participants to manage the financial impact of wind variability. Listed exclusively as the benchmark for the Enwex German Wind Index, the contract enables producers to hedge volume risk tied to generation output, while offering traders and investors a new instrument for expressing views on wind conditions and price dynamics.