Newcomer of the year: Abaxx Exchange
Energy Risk Awards 2026: New exchange sets out to modernise commodity derivatives by aligning them to physical markets
The energy transition is radically reshaping commodity demand, with global supply chains transforming in the face of surging electrification and increased renewables and batteries build-out.
Abaxx Exchange, winner of Energy Risk’s 2026 Newcomer of the year award, set out to address this new market paradigm by developing benchmark futures contracts that align closely with underlying physical markets in a way some traditional benchmarks no longer do.
Launched in 2024, the exchange’s first contracts
More on Awards
Market-maker/liquidity provider of the year: DV Commodities
Energy Risk Awards 2026: Commodity trader stands out for breadth of coverage, registering record volumes during recent crisis events
Deal of the year: ENGIE and Return’s virtual FPA
Energy Risk Awards 2026: Virtual battery portfolio deal provides a template for scaling battery storage across Europe
Risk management is key in this unpredictable environment
With energy markets upended by crisis after crisis, the best strategy is always to be hedged against extremes
Precious metals house of the year: RBC Capital Markets
Energy Risk Awards 2026: Bank’s physical capabilities enhance precious metals offering amid extreme volatility
Commodity broker of the year: Marex
Energy Risk Awards 2026: Breadth, reach and balance sheet help Marex stand out in volatile markets
Environmental products house of the year: Marex
Energy Risk Awards 2026: Marex sees opportunity for environmental commodities in the latest energy crisis
Oil and products house of the year: Macquarie Group
Energy Risk Awards 2026: Bank’s physical oil capabilities allow it to create vital flexibilities for clients facing tumultuous markets
Natural gas/LNG house of the year: Macquarie Group
Energy Risk Awards 2026: In rapidly shifting gas market, bank’s wide physical activity helps clients unlock crucial optionality
