Written Commentary
ADM Investor Services Clients to Gain Access to Abaxx Commodity Futures Exchange and Clearinghouse
TORONTO, November 5, 2024 – Abaxx Technologies Inc. (CBOE CA:ABXX) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced that the membership of ADM Investor Services Singapore Pte. Limited (“ADMIS Singapore”) with Abaxx Exchange Pte. Ltd. (“Abaxx Exchange”) and Abaxx Clearing Pte. Ltd. (“Abaxx Clearing”) will be in effect on November 11, 2024.
Beginning on November 11, 2024, following the membership announcement on September 18, 2024, ADMIS’ clients will have access to Abaxx Exchange’s suite of centrally-cleared, physically-deliverable liquified natural gas (LNG) and carbon futures contracts, enabling ADMIS’ clients to be among the first market participants to benefit from Abaxx Exchange’s price discovery and enhanced risk management tools for energy transition-related commodities.
“ADMIS’ esteemed legacy in the futures industry and their strategic expansion across the APAC region make them an ideal partner for Abaxx Exchange as we build liquidity in these markets,” said Nancy Seah, CEO of Abaxx Exchange. “With membership officially going into effect on November 11, ADMIS clients can now leverage Abaxx’s innovative risk management tools and benchmark solutions designed to meet the evolving needs of energy and environmental markets, reinforcing our commitment to building smarter, more resilient markets.
About Abaxx Technologies
Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.
Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.
Read full release here.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
