The Abaxx Commodity Futures Exchange and Clearinghouse has selected ION’s XTP technology to support its new market initiatives aimed at the ongoing energy transition. The Abaxx Exchange, which commenced trading in Singapore on 28 June, has collaborated with ION to deliver secure and scalable post-trade clearing and risk management solutions.
The Abaxx Exchange introduces five new centrally cleared, physically deliverable commodity futures contracts, enhancing market participants’ ability to manage energy transition strategies with improved price discovery and risk management tools. These contracts aim to establish benchmarks for global LNG and voluntary carbon markets, with future plans to include battery metals.
ION’s XTP technology is used by exchange clearing members, providing functionalities such as real-time position valuations, margining, and commission calculations. It also facilitates end-of-day processes including settlement calculations and report generation, ensuring robust support for the exchange’s operations.
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