Trading Technologies launches day-one connectivity to Abaxx Exchange
Trading Technologies International announced the launch of day-one connectivity to Abaxx Exchange, a Singapore-based global commodity futures exchange. Clients can now access Abaxx’s energy and carbon derivatives contracts via the TT® platform. The exchange, launched on June 28, featured its first trade executed by StoneX Financial. Abaxx offers five new commodity benchmark futures contracts, aiding market participants in energy transition strategies with improved price discovery and risk management tools. Alun Green, TT's EVP, emphasized their commitment to providing access to major derivatives markets. Dan McElduff, Abaxx President, highlighted the collaboration's benefits in meeting energy transition needs and unlocking low-carbon economy investments. Recently, TT also connected to the European Power Exchange, enhancing its power trading capabilities globally.
- Trading Technologies offers day-one connectivity to Abaxx Exchange, expanding client access to new markets.
- Clients can trade energy and carbon derivatives contracts on Abaxx via the TT® platform.
- Abaxx offers five new commodity benchmark futures contracts, aiding energy transition strategies.
- TT's connection to the European Power Exchange provides clients with new power trading capabilities.
- Potential risks associated with the adoption of new commodity futures contracts.
Products currently offered on Abaxx include five new commodity benchmark futures contracts. These first-of-their-kind, centrally cleared, physically deliverable contracts better enable market participants to execute their energy transition strategies, providing improved price discovery and enhanced risk management tools in liquefied natural gas (LNG) and carbon markets, to be soon followed by solutions for battery metals.
Alun Green, EVP Managing Director, Futures & Options for TT, said: "Trading Technologies offers the world's leading financial institutions and professional traders access to all major listed derivatives markets globally, and we're delighted to bring our clients access to this unique new marketplace from day one of trading. We're also a trusted partner to global and regional energy suppliers and commodity firms looking to hedge their risks in both physical and derivatives markets. Abaxx will bring new risk management capabilities with the option of physical delivery or offset through the sale of the contracts before delivery."
Dan McElduff, Abaxx Exchange President, Strategy & Development, said: "We are thrilled to partner with Trading Technologies to offer our clients seamless access to smarter markets. By combining the advanced TT platform with our industry-leading, physically deliverable commodity futures contracts, market participants can now leverage our shared expertise and resources to access the price discovery and risk management tools essential for meeting the commercial needs of the energy transition and unlocking the investment capital required for a low-carbon economy."
TT recently announced connectivity to the European Power Exchange (EPEX SPOT), the largest power exchange in
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company's award-winning TT® platform connects to the world's major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income, foreign exchange (FX) and cryptocurrencies. The TT platform delivers advanced tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management, clearing, post-trade allocation and infrastructure services to the world's leading sell-side institutions, buy-side firms and exchanges. The company's blue-chip client base includes the Tier 1 banks as well as brokers, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. These firms rely on the TT ecosystem to manage their end-to-end trading operations. In addition, exchanges utilize TT's technology to deliver innovative solutions to their market participants. TT also strategically partners with technology companies to make their complementary offerings available to Trading Technologies' global client base through the TT ecosystem.
About Abaxx Exchange
Abaxx (www.abaxx.exchange) is building Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that we face as a society, including climate change and the energy transition.
Abaxx Commodity Futures Exchange and Clearinghouse (Abaxx Exchange) introduces centrally cleared, physically delivered futures contracts and derivatives to deliver better price signals, better risk management and an enhanced market ecosystem enabling energy and commodity markets to accelerate the energy transition.
Licensed as a Recognised Market Operator (RMO) and an Approved Clearinghouse (ACH) by the Monetary Authority of
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SOURCE Trading Technologies
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