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Abaxx Technologies Inc. (NEO:ABXX, OTCQX:ABXXF) is a forward-thinking company dedicated to developing and deploying innovative financial technologies and market infrastructure solutions aimed at addressing significant global challenges, such as the transition to sustainable energy. With its headquarters in Singapore, Abaxx is the indirect majority owner of the Abaxx Exchange and Abaxx Clearing, recognized by the Monetary Authority of Singapore (MAS) as a Recognised Market Operator (RMO) and Approved Clearing House (ACH).

The Abaxx Exchange introduces centrally cleared, physically deliverable futures contracts for key commodities such as liquefied natural gas (LNG), nickel sulphate, and carbon. These contracts are designed to enhance price discovery and provide robust risk management tools, crucial for the energy transition market. The Abaxx Clearing house supports these operations by ensuring efficient and secure clearing and settlement processes.

In a milestone development, Abaxx Technologies has partnered with StoneX Financial Pte Ltd, a subsidiary of StoneX Group Inc. (NASDAQ:SNEX). As the first approved clearing and trading member of Abaxx Exchange, StoneX will enable its clients to access Abaxx’s unique suite of futures contracts from day one of trading. This partnership reaffirms Abaxx’s mission to create smarter markets by providing clients with efficient tools to manage inventory and market risk, especially in the context of sustainable energy commodities.

Abaxx Technologies strives to build markets powered by advanced financial technologies that facilitate seamless communication, trade, and transaction security. The collaboration with StoneX exemplifies Abaxx’s commitment to innovation and excellence in the commodity and energy markets. With a focus on clean fuels, battery metals, and emission markets, Abaxx is positioned to play a pivotal role in the global energy transition.

For further information on Abaxx Technologies and its operations, visit abaxx.tech and abaxx.exchange.

01/30/2024 07:39 AM

News

StoneX Becomes Abaxx Exchange’s First Clearing and Trading Member to Expand Market Offering

Rhea-AI Summary

StoneX Financial Pte Ltd, a subsidiary of StoneX Group Inc., has become the first approved clearing and trading member of Abaxx Exchange's Singapore-based exchange and clearinghouse. This partnership will provide StoneX clients access to physically-deliverable futures contracts for commodities such as liquefied natural gas, nickel sulfate, and carbon, allowing them to benefit from market price discovery and enhanced risk management tools for energy transition-related commodities.

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FAQ

What is Abaxx Technologies Inc.?

Abaxx Technologies Inc. is a company focused on developing financial technologies and market infrastructure to address global challenges like the energy transition.

What are Abaxx Exchange and Abaxx Clearing?

Abaxx Exchange is a commodity futures exchange, and Abaxx Clearing is its clearinghouse. Both are recognized by the Monetary Authority of Singapore (MAS).

What commodities does Abaxx Exchange offer futures contracts for?

Abaxx Exchange offers futures contracts for liquefied natural gas (LNG), nickel sulphate, and carbon.

Who is Abaxx Technologies' first approved clearing and trading member?

StoneX Financial Pte Ltd, a subsidiary of StoneX Group Inc., is the first approved clearing and trading member of Abaxx Exchange.

What is the significance of Abaxx's partnership with StoneX?

The partnership enables StoneX clients to access Abaxx's suite of futures contracts, enhancing market price discovery and risk management for sustainable energy commodities.

What is Abaxx's mission?

Abaxx aims to build smarter markets using advanced financial technologies to facilitate communication, trade, and secure transactions, especially in the context of the energy transition.

Where is Abaxx Technologies headquartered?

Abaxx Technologies is headquartered in Singapore.

How can I learn more about Abaxx Technologies?

You can visit their websites at abaxx.tech and abaxx.exchange for more information.

What role does Abaxx play in the energy transition?

Abaxx provides innovative market infrastructure and financial tools to support the transition to a lower-carbon economy.

What makes Abaxx’s futures contracts unique?

Abaxx's futures contracts are physically deliverable, centrally cleared, and designed to offer better price discovery and risk management tools for critical energy transition commodities.