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Abaxx Technologies Inc. Added to MSCI Canada Small Cap Index - Abaxx Techs (OTC:ABXXF)
Benzinga· 2025-11-24 12:00
Core Insights - Abaxx Technologies Inc. has been included in the MSCI Canada Small Cap Index, effective November 24, 2025, marking a significant milestone for the company [1][3] - The MSCI Canada Small Cap Index represents approximately 14% of the free float-adjusted market capitalization in Canada, serving as a widely referenced benchmark in the financial industry [2] Company Overview - Abaxx Technologies is focused on building Smarter Markets through enhanced tools, benchmarks, and technology to address societal challenges, including the energy transition [4] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Exchange and Abaxx Clearing, and has wholly owned subsidiaries including Abaxx Spot Pte. Ltd. and Adaptive Infrastructure [5] Market Infrastructure Development - Abaxx Exchange provides essential market infrastructure for the transition to a low-carbon economy, offering centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals [6] - Abaxx Spot modernizes physical gold trading with a physically-backed gold pool in Singapore, facilitating secure electronic transactions and supporting physical delivery for gold futures contracts [7] Post-Trade Infrastructure - Adaptive Infrastructure addresses gaps in post-trade infrastructure by offering a unified custodial foundation across environmental markets and digital title assets, regulated by the Financial Services Commission of Barbados [8]
Abaxx Confirms Active Trading in Gold Singapore Futures Following Launch
Globenewswire· 2025-06-15 23:00
Core Viewpoint - Abaxx Technologies Inc. has launched its physically-deliverable Gold Singapore Futures, which began active trading on June 12, 2025, providing a new tool for price discovery and hedging in the Asian market [1][3]. Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse [1][7]. - The company aims to create Smarter Markets by developing better tools and technology to address significant societal challenges, including the energy transition [6]. Product Details - The Gold Singapore Futures contract is a USD-denominated, kilobar-sized product designed for the regional physical bullion trade, deliverable into approved vaults in Singapore [2][3]. - This contract is tailored for refiners, industrial consumers, banks, and physical traders in Asia, addressing the growing demand for regional price transparency [3][5]. Market Participation - The initial trading sessions of the Gold Singapore Futures saw participation from eight market makers, including firms from Singapore, Hong Kong, London, and Thailand, with expectations for more participants in the future [4]. - KGI Securities Singapore expressed enthusiasm for the new offering, highlighting its relevance to the Asian market and commitment to providing comprehensive solutions in commodities [5]. Trading Specifications - The Abaxx Gold Singapore Futures contract is available for trading 14 hours per day, Monday through Friday, facilitating access for market participants [5].
Abaxx Introduces Smarter Markets for Precious Metals with the Launch of its Gold Kilobar Futures Contract and Abaxx Spot Gold Pool in Singapore
Globenewswire· 2025-06-12 11:00
Core Insights - Abaxx Technologies Inc. has launched a physically-deliverable Gold Kilobar Futures contract and a new gold trading platform, Abaxx Spot, in Singapore, aiming to enhance market infrastructure for precious metals [1][2][3] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore Pte. Ltd., which owns the Abaxx Commodity Futures Exchange and Clearinghouse [1][10] - The company focuses on building smarter markets through better tools, benchmarks, and technology to address societal challenges, including the energy transition [10] Product Launch - The Gold Kilobar Futures contract is USD-denominated, physically deliverable, and sized to 1-kilogram, 9999-purity bars, catering to Asia's bullion trade [3][6] - Abaxx Spot provides a secure platform for the transfer of physically-allocated gold, allowing registered participants to maintain title to an undivided interest in the gold held in appointed vaults [5][7] Market Impact - This launch represents the first co-located spot and futures infrastructure for gold, designed to reduce fragmentation in global gold markets and align trading practices with actual market operations [2][6] - The integrated infrastructure aims to address structural inefficiencies that separate global benchmarks from physical trade, with pricing traditionally anchored in New York and London [8][12] Trading Operations - Trading on the Abaxx Gold Singapore Futures contract is available 14 hours per day, Monday through Friday, providing a regionally anchored benchmark for price discovery and risk management [4][3] - The platform is designed for physical market participants, including bullion dealers and refiners, offering global access to kilobar gold trading without the complexities of traditional OTC markets [7][8]
Abaxx to Launch Singapore Gold Kilobar Futures and Physically-Allocated Gold Pool on June 12, 2025
Globenewswire· 2025-05-13 11:00
Core Viewpoint - Abaxx Technologies Inc. is expanding its product offerings by launching Gold kilobar futures on June 12, 2025, aimed at enhancing the physical bullion trade in Asia [1][2]. Product Launch - The Gold futures are specifically designed for Asia's physical bullion market, utilizing the kilobar format to improve pricing accuracy and align futures settlement with physical market practices [2][3]. - The contract will be US dollar-denominated, kilobar-sized, and physically deliverable, with delivery into approved vaults in Singapore [2]. Market Infrastructure - The introduction of these futures contracts addresses existing structural mismatches in the gold market, facilitating better pricing and risk management [3]. - Abaxx is also launching Abaxx Spot, a new trading platform for physically-allocated gold, which will enhance market access and transparency [4][5]. Regulatory Compliance - Abaxx Spot Pte. Ltd. operates under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019, exempt from holding a spot commodities broker license [6]. Company Overview - Abaxx Technologies aims to create smarter markets through improved tools and technology, addressing significant societal challenges, including the energy transition [7][9]. - The company is the indirect majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [8].