Abaxx Exchange Granted Registration as a Foreign Board of Trade by U.S. CFTC, Enabling Direct Participation by U.S. Futures Firms

Core Insights - Abaxx Technologies Inc. has received registration as a Foreign Board of Trade (FBOT) from the U.S. Commodity Futures Trading Commission (CFTC), allowing U.S.-based futures commission merchants, brokers, and trading firms to access Abaxx Exchange's regulated markets directly for the first time [1][2] Group 1: Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore, which owns the Abaxx Commodity Exchange and Clearinghouse [1][8] - The company aims to build Smarter Markets by providing better tools, benchmarks, and technology to address significant societal challenges, including the energy transition [7] Group 2: Market Expansion - The FBOT registration is a significant milestone for Abaxx, marking the opening of its physically-deliverable futures markets to the largest derivatives trading community globally, thus enhancing participation in its benchmark contracts [2][5] - Abaxx's suite of centrally-cleared commodity futures and derivatives is designed to improve price discovery and risk management for commodities essential to the transition to a lower-carbon economy, including energy, environmental, battery materials, and precious metals [3][9] Group 3: Unique Offerings - Abaxx Exchange features unique products such as the only physically-backed LNG forward curves, U.S. dollar-denominated gold kilobar futures contracts based in Singapore, and lithium carbonate benchmarks outside China [4][9] - The exchange also offers financially-settled contracts indexed to the utilization of installed wind capacity in Germany, addressing practical challenges in price discovery, hedging, and risk management [4][9] Group 4: Industry Response - Industry leaders have expressed positive sentiments regarding Abaxx's FBOT registration, highlighting the increased access for U.S. commercial players to engage with commodity benchmarks anchored in real physical trade flows [5][6]