About a-team Marketing Services

A-Team Insight Briefs

Abaxx Exchange Selects Eventus for Trade Surveillance

Subscribe to our newsletter

Abaxx Exchange, a new marketplace based in Singapore, has chosen Eventus to provide its trade surveillance platform. Abaxx Exchange commenced trading on June 28, 2024, offering global futures on energy, metals, and other energy transition-focused commodities, starting with liquified natural gas (LNG) and carbon, with plans to introduce battery metals soon.

Abaxx Exchange, under the majority ownership of Abaxx Singapore Pte Ltd., is the first new regulated exchange and clearinghouse focused on physical commodities to be built from the ground up in over a decade. The exchange sought a robust, customisable, and scalable market surveillance tool that could be quickly and easily implemented. Eventus’ Validus platform was selected for its flexibility, strong workflow automation, and the support of an experienced and responsive team.

Eventus CEO Travis Schwab commented: “We are incredibly honoured that Abaxx has entrusted our team to provide the backbone of its critical trade surveillance function through the Validus platform. The innovative commodity exchange has generated significant interest in the industry. Market integrity is a high priority for the exchange, and Abaxx will benefit from our expertise and high-performance surveillance technology used by marketplaces and leading financial institutions across the globe.”

The deployment of the Validus platform marks a significant step in ensuring that Abaxx Exchange can maintain rigorous surveillance and control over its market activities, providing a secure and efficient trading environment for its participants.

Subscribe to our newsletter

Related content


Recorded Webinar: Best practices for compliance with EU Market Abuse Regulation

EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the...


Compliance Automation Provider Ascent Technologies Acquired by Edgewater Equity Partners

Ascent Technologies, a Chicago-based provider of AI-driven compliance automation, has been acquired by Edgewater Equity Partners, a private equity firm in Boston. The acquisition aims to accelerate development of Ascent’s compliance automation platform and enhance its value proposition to customers. The acquisition is a strategic move for Edgewater Equity Partners, which acknowledges Ascent’s capability in...


RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.


Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...