SWM | Enwex Spain Onshore Wind Futures

Manage renewable generation risk with a futures contract indexed to the utilization of Spain's installed wind capacity. This financially-settled benchmark provides a clear and standardized instrument for managing volume risk tied to weather-driven variability in wind output.

Abaxx’s Enwex Spain Onshore Wind (SWM) Futures contract is a euro-denominated, financially-settled product indexed to Enwex Wind Spain, a forecast-based index that translates wind speed at 100m into standardized generation utilization rates, expressed in €/MWh. Available for trading on February 27, 2026.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Enwex Spain Onshore Wind Futures
Contract Symbol	SWM
Rule Chapter	2700
Settlement Method	Financial
Contract Months	12 consecutive months
Pricing Terms	Enwex Wind in EUR 0.01
Contract Size	Multiple of hours in the Contract Month
Minimum Price Movement	EUR 0.01 per hour
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The arithmetic average of the hourly Enwex Wind in EUR values calculated by Enwex for the Contract Month. Enwex Wind in EUR means the Spain Onshore Wind Index (Enwex Curve ID: 10000234) calculated and published by Enwex GmbH according to its methodology as amended from time to time which is representative of the nominal utilization rates of wind capacity expressed in currency.
Last Trading Day	The first Business Day of the month following the Contract Month.
Block Trade Minimum	5 Lots
Reportable Level	25 Lots
Position Limits (Spot Month)	None
Position Accountability Levels (any/all month)	5,000 Lots
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)

SWM | Enwex Spain Onshore Wind Futures

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Enwex Spain Onshore Wind Futures
Contract Symbol	SWM
Rule Chapter	2700
Settlement Method	Financial
Contract Months	12 consecutive months
Pricing Terms	Enwex Wind in EUR 0.01
Contract Size	Multiple of hours in the Contract Month
Minimum Price Movement	EUR 0.01 per hour
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The arithmetic average of the hourly Enwex Wind in EUR values calculated by Enwex for the Contract Month. Enwex Wind in EUR means the Spain Onshore Wind Index (Enwex Curve ID: 10000234) calculated and published by Enwex GmbH according to its methodology as amended from time to time which is representative of the nominal utilization rates of wind capacity expressed in currency.
Last Trading Day	The first Business Day of the month following the Contract Month.
Block Trade Minimum	5 Lots
Reportable Level	25 Lots
Position Limits (Spot Month)	None
Position Accountability Levels (any/all month)	5,000 Lots
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)

SWM | Enwex Spain Onshore Wind Futures

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	Enwex Spain Onshore Wind Futures
Contract Symbol	SWM
Rule Chapter	2700
Settlement Method	Financial
Contract Months	12 consecutive months
Pricing Terms	Enwex Wind in EUR 0.01
Contract Size	Multiple of hours in the Contract Month
Minimum Price Movement	EUR 0.01 per hour
Trading Hours	1000 – 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The arithmetic average of the hourly Enwex Wind in EUR values calculated by Enwex for the Contract Month. Enwex Wind in EUR means the Spain Onshore Wind Index (Enwex Curve ID: 10000234) calculated and published by Enwex GmbH according to its methodology as amended from time to time which is representative of the nominal utilization rates of wind capacity expressed in currency.
Last Trading Day	The first Business Day of the month following the Contract Month.
Block Trade Minimum	5 Lots
Reportable Level	25 Lots
Position Limits (Spot Month)	None
Position Accountability Levels (any/all month)	5,000 Lots
Venue of Arbitration	Singapore International Arbitration Centre (SIAC)