Mercuria and HNK Alpha Execute First Carbon Futures Block Trades on Abaxx Exchange Today, we announced the execution of the first two #carbon futures block trades, traded between Mercuria and HNK Alpha on October 30, 2024. Mercuria and HNK Alpha traded 50 lots of December 2024 CORSIA Phase 1 Carbon Offset Unit Futures at USD $24.00/tCO2e. Mercuria and HNK Alpha also traded 50 lots of December 2025 JREDD+ Carbon Offset Unit Futures at USD $17.75/tCO2e. The trades were brokered by Eagle Commodities, a division of Marex. Abaxx’s carbon futures contracts are designed to enhance price discovery and equip market participants with improved #riskmanagement tools. These centrally-cleared, physically-deliverable contracts were launched in June to provide reliable price signals essential for pricing carbon emissions and advancing #decarbonization efforts. “We’re proud that Mercuria has chosen to use Abaxx Exchange Environmental Futures to better manage their risk in global carbon markets”, said Abaxx Exchange’s Head of Environmental Markets, Alasdair Were. “We’ve built these contracts in collaboration with global market participants and to meet the needs of the commercial market, and we look forward to continue working with world-class trading firms like Mercuria to build liquidity in our carbon markets.” Read Full Release 🔗: https://lnkd.in/etMjP89a #carbonmarkets #carbonpricing #CORSIA #emissionsreduction #carbontrading #environmentalmarkets #smartermarkets #abaxx
Abaxx Commodity Futures Exchange and Clearinghouse
Financial Services
Singapore, Singapore 4,308 followers
Smarter Tools for Global Energy and Commodity Markets.
About us
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 an Recognised Market Operator (RMO) and an Approved Clearinghouse (ACH) by the Monetary Authority of Singapore, the Exchange's initial focus is global LNG and Carbon and Nickel benchmarks followed by continued solutions for Battery Metals. Tomorrow’s energy transition is happening today, resulting in a generational opportunity to build new exchange market infrastructure. The global energy transition is bolstering demand for key commodities such as LNG, carbon credits, and battery metals however, strong demand and uncertain supply, coupled with a lack of effective market infrastructure and risk management tools for many growth commodities has led to several market problems. Abaxx provides solutions to directly address key exchange landscape problems and will operate the only commodity-only futures exchange and clearinghouse based in APAC (excluding China) solely dedicated to physical delivery commodity futures. Abaxx Exchange will deploy evolutionary risk management tools that not only keep pace with market innovation, but set the innovation standard. The tools we are building are designed to meet a host of energy and metals market participants exactly where they are — providing solutions infused with traditional risk management and enhanced with tech-enabled improvements to transaction velocity and data security that resonate across a multi-faceted and functionally tailored trading ecosystem.
- Website
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http://www.abaxx.exchange
External link for Abaxx Commodity Futures Exchange and Clearinghouse
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Singapore, Singapore
- Type
- Privately Held
- Founded
- 2018
- Specialties
- Exchange, Clearing House, LNG, Commodity Futures, Physical Markets, Hedging, ESG, Risk Management, Technology, CCP, Commodities, Risk Policy, Clearinghouse, Price Transparency, Regulated Market, and Derivatives
Locations
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Primary
Get directions
6 Battery Road
#10-01
Singapore, Singapore 049909, SG
Employees at Abaxx Commodity Futures Exchange and Clearinghouse
Updates
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
Abaxx Announces Closing of C$2.1 Million First Tranche of Strategic Financing Today, we announced the closing of the first tranche of a non-brokered private placement financing with a strategic investor. The First Tranche consisted of the issuance of 162,000 common shares of the Company at a price of C$13.00 per Share for aggregate gross proceeds of C$2,106,000. The Company anticipates closing a second tranche of the Financing on or about November 29, 2024. Read Full Release 🔗: https://lnkd.in/gfqzXGjS
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
"For the market as a whole, this constant flipping and flopping between administrations in terms of what's the priority isn't necessarily helpful for corporates." Head of Environmental Markets at Abaxx Commodity Futures Exchange and Clearinghouse, Alasdair Were, sat down with David Greely on Saturday to explore the impact of U.S. election results on #decarbonization efforts. During the discussion, they also covered what #COP29 outcomes may mean for #carbonmarkets, the next innovations in environmental products the markets requires — and what we should be discussing now to create the #smartermarkets that are necessary to navigate the uncertain times ahead.
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
We are very pleased to announce that CCP Global has welcomed Abaxx and SIX as Observer Members. We look forward to collaborating with them as an association! To read our press releases about both and learn more about Abaxx, SIX, and CCP Global alike, please follow the link: https://lnkd.in/eZzBTFyY
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We're thrilled to have been shortlisted for the World LNG Outstanding Contribution Award at this year's World LNG Summit & Awards! The annual summit, taking place December 9-12 in Berlin, serves as a catalyst to explore the latest developments in geopolitics and #energysecurity, the #decarbonization of LNG and the globally traded #LNG market. Our centrally-cleared, physically-deliverable LNG futures contracts offer enhanced price discovery and risk management tools tailored for today’s evolving #energy markets. Developed in collaboration with participants across the supply chain, these contracts are designed to provide market participants with #smartermarkets — equipped with better tools and benchmarks to navigate and capitalize on the monumental changes in global energy and resource supply chains.
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
Registration Reminder! Abaxx invites current and prospective shareholders to our Q3 Business Update, including a Q&A with Abaxx's management team, this afternoon at 4:00 p.m. EST. Attendees may email their questions in advance to ir@abaxx.tech. Registration will be required to access the meeting. Following the presentation, a recording of the session will be made available on the Abaxx Investor Relations website at investors.abaxx.tech. Register Now! 🔗 https://lnkd.in/ehXp9MiR
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
Abaxx Provides Q3 2024 Corporate Update Last quarter, following the launch of Abaxx Commodity Futures Exchange and Clearinghouse, Abaxx focused on advancing commercial connectivity across trading firms, clearing firms, and broker networks. Significant progress was made in onboarding and training market participants, furthering our mission to deliver reliable price discovery and risk management tools for today’s commodity market participants. In addition, the team advanced the development of additional futures product solutions for battery and precious metals markets, and launched implementations of core software protocols and applications for commercial use in Abaxx Exchange and Abaxx Clearing, SmarterMarkets Coffeehouse, and beyond. Read Full Release https://lnkd.in/eunQbr6a
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
"We're doubling down on meaningful conversations and on markets. We believe these are the best ways to move past anger and fear toward understanding and working together on our common problems." Get your first look 'Inside the Coffeehouse' in this exclusive series introduction by host David Greely, featuring the first look at our new social media platform for advancing the conversation on #energy, #climate and #technology — and why we’re doubling down on meaningful conversations and markets during these divisive times. Listen Now! https://lnkd.in/eRHrpksf
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Abaxx Commodity Futures Exchange and Clearinghouse reposted this
Founder at Energies Invest™ & LNG Cluster™ | Energy Management Author | PhD Management, DBA | Public and Private Sector Energy Consulting
Embracing LNG Futures: How Abaxx Exchange and FindLNG.com Are Empowering the LNG Market LNG futures contracts and innovative trading platforms are crucial for transparency and stability. At FindLNG.com, we’re connecting LNG buyers and sellers, enabling access to Abaxx Exchange’s futures, and supporting a dynamic, flexible marketplace that meets modern demands. 🌍💼 Abaxx Commodity Futures Exchange and Clearinghouse Joe Raia Explore the potential with us at FindLNG.com! 📈💧 #LNG #FindLNG #AbaxxExchange #EnergyTransition #LNGFutures #SustainableEnergy #CleanFuel #GlobalEnergyMarket
Empowering the LNG Market with Futures Contracts: Abaxx Exchange
Rodrigo Sandoval on LinkedIn
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Find us next week at the FIA, Inc. Futures & Options Expo in the Innovators Pavilion! We're thrilled to be among the 10 firms featured in this year's showcase and we look forward to connecting with market participants in Chicago on November 19th and 20th to share how #smartermarkets can help us solve our biggest challenges — including the #energytransition.
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