Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, now offers its clients access to Abaxx Exchange, a global commodity futures exchange and clearinghouse headquartered in Singapore.
The market started on June 28, with the first transaction taking place via the TT® platform from StoneX Financial. Clients can use TT to trade the exchange’s energy and carbon contracts.
Products currently offered on Abaxx include five new commodity futures contracts. These first-of-its-kind, centrally-cleared, physically deliverable contracts enable market participants to better implement their energy transition strategies by providing improved price discovery and enhanced risk management tools in the liquefied natural gas (LNG) and coal markets, which will followed shortly by battery metal solutions.
Alun Green, Managing Director EVP, Futures & Options for TT, said:
“Trading Technologies offers the world’s leading financial institutions and professional traders access to all major listed derivatives markets worldwide and we are delighted to offer our clients access to this unique new market from day one of trading. We are also a trusted partner to global and regional energy suppliers and commodity companies seeking to hedge their risks in both physical and derivatives markets. Abaxx will bring new risk management capabilities with the possibility of physical delivery or hedging through the sale of contracts before delivery.”
Dan McElduff, President of Strategy & Development at Abaxx Exchange, said:
“We are excited to partner with Trading Technologies to offer our customers seamless access to smarter markets. By combining the advanced TT platform with industry-leading commodity futures, market participants can now leverage our shared expertise and resources to access the price discovery and risk management tools necessary to meet their trading needs energy transition and unlocking the investment capital required for a low-carbon economy”.
TT recently announced connectivity with the European Energy Exchange (EPEX SPOT), the largest energy exchange in Europe, through the TT platform. The connection enables clients to trade European natural energy markets for the first time on TT. In partnership with a major European energy supplier, the company offers the new continuous intraday energy trading capability to customers worldwide as a fully co-located service.