Weather house of the year: Parameter Climate
Energy Risk Awards 2025: Advisory firm takes unique approach to scale weather derivatives markets
Weather markets veteran Marty Malinow has long been frustrated, and baffled, as to why the weather market isn’t 10 or 20 times bigger. His conclusion, reached during his previous position at Japanese insurer Sompo, was that the market needed better advisory, intermediation and analytics.
“Energy, which accounts for most weather-protection buyers, has seen primarily direct execution since the market began in the late 1990s,” he says. Given the highly structured nature of most weather hedges, the
More on Awards
Derivatives house of the year: ENGIE
With more than 200 clients across 13 countries in Asia, ENGIE combines deep experience of physical energy markets with cross‑commodity derivatives expertise
Natural gas/LNG house of the year: ENGIE
ENGIE stood out in the Apac gas markets with long‑term contracting activity and continued participation in the Japan Korea Marker benchmark
CTRM software house of the year: Topaz Technology
Topaz Technology’s risk and valuation platform can be used on a standalone basis or integrated across customers’ existing CTRM systems
Precious metals house of the year: Marex
Despite unprecedented market volatility, Marex remained committed to pricing risk across spot, forwards and swaps
Newcomer of the year: Abaxx Exchange
Abaxx Exchange traded more than 1.5 million contracts in Q3 2026 and has launched 18 futures across energy, battery materials and metals
Energy Risk Asia Awards 2026: The winners
Winning firms showcase exemplary risk management skills and services in tumultuous times
Partnership approach pays off for TD Securities
TD outperforms in Commodity Rankings as firms seek support amid market volatility and disruption
TD scoops top slots in the 2026 Commodity Rankings
The top performer in base and precious metals rankings, TD has expansion plans for energy
