Trading Technologies International, Inc. (TT), the capital markets technology platform provider, has introduced access to Abaxx Exchange, the Singapore-based global commodity futures exchange and clearinghouse. The market launched on June 28, with StoneX Financial executing the first trade via the TT platform. Clients can now trade Abaxx’s energy and carbon derivatives contracts using TT.
Abaxx Exchange introduces five new commodity benchmark futures contracts, featuring centrally cleared, physically deliverable contracts. These offerings aim to enhance market participants’ ability to execute energy transition strategies, with improved price discovery and risk management tools in the LNG and carbon markets, with plans to expand into battery metals.
Alun Green, EVP Managing Director, Futures & Options for TT, commented: “We’re delighted to bring our clients access to this unique new marketplace from day one of trading. We’re 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.”
Dan McElduff, Abaxx Exchange President, Strategy & Development, added: “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.”
TT recently connected to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe, enabling clients to trade European physical power markets for the first time on the TT platform. This collaboration includes a fully co-located continuous intraday power trading service, developed in partnership with a major European energy supplier.
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