{"id":100545,"date":"2024-07-01T18:00:00","date_gmt":"2024-07-01T23:00:00","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=news&#038;p=100545"},"modified":"2024-07-01T16:34:34","modified_gmt":"2024-07-01T21:34:34","slug":"trading-technologies-launches-day-one-connectivity-to-abaxx-exchange","status":"publish","type":"news","link":"https:\/\/tradingtechnologies.com\/news-releases\/trading-technologies-launches-day-one-connectivity-to-abaxx-exchange\/","title":{"rendered":"Trading Technologies Launches Day-One Connectivity to Abaxx Exchange"},"content":{"rendered":"\n<p><strong>CHICAGO \/ SINGAPORE, July 1, 2024<\/strong> \u2014 Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced today that it is now offering its clients access to Abaxx Exchange, a global commodity futures exchange and clearinghouse based in Singapore. The market launched on June 28, with the first trade executed through the TT\u00ae platform by StoneX Financial. Clients are able to use TT to trade the exchange\u2019s energy and carbon derivatives contracts.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Alun Green, EVP Managing Director, Futures &amp; Options for TT, said: \u201cTrading Technologies offers the world\u2019s leading financial institutions and professional traders access to all major listed derivatives markets globally, and we\u2019re delighted to bring our clients access to this unique new marketplace from day one of trading. We\u2019re 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.\u201d<\/p>\n\n\n\n<p>Dan McElduff, Abaxx Exchange President, Strategy &amp; Development, said: \u201cWe 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.\u201d<\/p>\n\n\n\n<p>TT recently announced connectivity to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe, through the TT platform. The connection gives clients the ability to trade the European physical power markets for the first time on TT. In collaboration with a large European energy supplier, the firm offers the new continuous intraday power trading capability to clients globally as a fully co-located service.<\/p>\n\n\n\n<p><strong>About Trading Technologies<\/strong><br>Trading Technologies (<a href=\"https:\/\/tradingtechnologies.com\/\">www.tradingtechnologies.com<\/a>) is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company\u2019s award-winning TT\u00ae platform connects to the world\u2019s 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\u2019s leading sell-side institutions, buy-side firms and exchanges. The company\u2019s 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\u2019s 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\u2019 global client base through the TT ecosystem.<\/p>\n\n\n\n<p><strong>About Abaxx Exchange<\/strong><br>Abaxx (<a href=\"https:\/\/www.abaxx.exchange\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.abaxx.exchange<\/a>) 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Licensed as a Recognised Market Operator (RMO) and an Approved Clearinghouse (ACH) by the Monetary Authority of Singapore (MAS), Abaxx Exchange is majority owned by Abaxx Technologies (NEO:ABXX)(OTCQX:ABXXF), and its initial focus is global LNG and Carbon and Nickel benchmarks followed by continued solutions for Battery Metals.<\/p>\n","protected":false},"author":6,"parent":0,"template":"","class_list":["post-100545","news","type-news","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/100545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/100545\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=100545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}