Abaxx Technologies Inc. (CBOE CA: ABXX, OTCQB: ABXXF) has announced a significant partnership with ADM Investor Services Singapore Pte. Limited (ADMIS Singapore), allowing ADMIS clients to access the Abaxx Commodity Exchange and Clearinghouse starting November 11, 2024. This collaboration marks a pivotal moment in the futures trading landscape, particularly for those interested in liquefied natural gas (LNG) and carbon futures contracts.
With the membership of ADMIS Singapore officially commencing on November 11, clients will gain access to a suite of centrally-cleared, physically-deliverable LNG and carbon futures contracts. This development positions ADMIS clients among the first market participants to utilize Abaxx Exchange’s innovative price discovery and risk management tools tailored for energy transition-related commodities. Nancy Seah, CEO of Abaxx Exchange, highlighted the strategic importance of this partnership, stating, “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.”
The integration of Abaxx’s advanced risk management solutions is designed to meet the evolving needs of energy and environmental markets. As the demand for sustainable energy solutions continues to grow, this partnership aims to reinforce the commitment to building smarter, more resilient markets. ADMIS clients will benefit from enhanced trading capabilities that support their strategies in navigating the complexities of energy transition.
Abaxx Technologies is focused on creating Smarter Markets—financial ecosystems empowered by innovative technology and infrastructure. The company is an indirect majority owner of Abaxx Exchange and Abaxx Clearing, which are recognized by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) and Approved Clearing House (ACH), respectively. The Abaxx Exchange aims to provide better price discovery and risk management tools through its centrally cleared, physically deliverable commodities futures and derivatives.
Abaxx’s commitment to addressing global challenges, particularly in the context of energy transition, is evident in its strategic initiatives. The company is dedicated to developing financial technologies that facilitate secure communication, trade, and transactions within commodities critical to achieving a lower-carbon economy.
The collaboration with ADMIS Singapore is expected to enhance market liquidity and provide participants with greater access to essential commodities trading. As industries increasingly recognize the importance of sustainable practices, the ability to trade LNG and carbon futures will play a crucial role in facilitating this transition.
The Abaxx Exchange has already begun trading LNG and carbon futures contracts as part of its initial offering. The exchange aims to establish itself as a key player in the global commodities market by introducing new liquid benchmark futures contracts that cater to the growing demand for environmentally responsible trading solutions.
The partnership between Abaxx Technologies and ADM Investor Services represents a significant step forward in enhancing access to commodity futures trading for clients across Asia-Pacific. By leveraging innovative risk management tools and providing access to essential commodities like LNG and carbon futures, both companies are well-positioned to lead the charge in supporting energy transition efforts while fostering a more sustainable financial market ecosystem.
