Core Insights - Abaxx Technologies Inc. has executed its first Enwex German Onshore Wind (GWM) futures block trade on November 17, 2025, marking a significant milestone in the renewable energy derivatives market [1][2] 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][6] - The company aims to build smarter markets through better tools, benchmarks, and technology to address societal challenges, including the energy transition [5] Industry Impact - The first trade of the Enwex German Onshore Wind Futures contract, brokered by TP ICAP, involved 10 lots traded at EUR 28.45/hour, demonstrating the potential for exchange-listed products to manage renewable generation risk [2][3] - The contract is designed to provide a practical way for market participants to hedge against wind variability, thus enhancing market transparency, efficiency, and liquidity [3][4] Product Details - The Enwex German Onshore Wind (GWM) Futures are euro-denominated and financially settled, indexed to a forecast-based wind speed index that translates wind speed into standardized generation utilization rates [4] - Trading for these futures is available from 1000 to 2400 SGT, Monday to Friday, excluding Singapore public holidays [4] Strategic Partnerships - The inaugural trade involved collaboration with Gunvor International B.V. and clearing services provided by ADM Investor Services Singapore, KGI Securities, and Marex, highlighting the importance of partnerships in enhancing market liquidity [2][3]

Core Insights - Abaxx Technologies Inc. reported significant operational milestones and execution of its business strategy in Q3 2025, with a notable increase in trading volumes and participant connectivity [9][11][13] Commercial Development - Trading in Gulf of Mexico (GOM) and North Pacific Asia (NPA) LNG Futures increased by 83% in September compared to August, totaling 9,486 contracts traded in Q3, equivalent to 27 physical cargoes [7][11] - Gold Singapore (GKS) Futures saw a total of 54,128 contracts traded through September 30, 2025, following a 242% month-over-month increase in July and a 167% increase in September [7][12] - The number of connected participants grew by 88% quarter-over-quarter, exceeding 150 firms, while connectivity with market makers and liquidity providers rose by 93% to 29 firms [7][13] Exchange Product Development - Abaxx launched its first weather derivatives, Enwex German Wind (GWM) Futures, on November 14, 2025, following the completion of contract specifications and operational preparations [19] - Continued development on silver market solutions and cash-settled LNG contracts to enhance risk management tools [20][18] Risk and Regulatory Development - The application to the U.S. Commodity Futures Trading Commission (CFTC) for recognition as a Foreign Board of Trade (FBOT) is under review, with ongoing engagement [10][20] - Clearing rule amendments were implemented to allow the use of multiple currencies for cash collateral, starting with the euro [10][14] Systems and Operations Development - System capacity was increased by approximately 150% to support growth in daily trading activity, alongside advancements in multi-currency settlement and collateralization features [17][14] - Integration with market data vendors continued to enhance price visibility and transparency [17] Financial Highlights - Abaxx announced a US$22 million non-brokered private placement, closing on October 20, 2025, raising the cash balance to approximately CAD$52 million [28] - The company recorded its first revenue from Singapore operations in Q3 2025, totaling CAD$0.3 million [28]

Core Insights - Abaxx Technologies Inc. is undergoing a transformational period with significant operational milestones achieved in Q2 2025, including the launch of new products and increased trading activity [2][3][12] Commercial Development - The Gold Singapore Futures (GKS) contract was launched on June 12, 2025, with average daily trading volumes increasing from 200 lots in June to 500–1,000+ lots in August, including consistent days above 1,000 lots [6][12] - The first physical delivery of a regulated, exchange-cleared voluntary carbon contract was completed, validating Abaxx's end-to-end infrastructure [6][14] - Abaxx Spot was established as a separate entity to operate a physically-allocated gold trading platform in Singapore, enhancing market access and reducing basis risk [27][28] Exchange Product Development - Development is underway for additional precious metals contracts, including silver, platinum, and rhodium, alongside cash-settled LNG contracts and a financially-settled copper spread contract [20][22] - The Gulf of Mexico LNG Futures (GOM) gained traction with regular trading activity and the first calendar-month spread trade, currently the only physically-backed LNG forward curve available [6][13] Risk and Regulatory Development - The U.S. Commodity Futures Trading Commission (CFTC) is reviewing Abaxx Exchange's application for recognition as a Foreign Board of Trade (FBOT), which will allow U.S.-based participants to access Abaxx-listed products directly [9][12] - Abaxx Clearing established accounts with two clearing members to serve as designated liquidation brokers, enhancing operational readiness for default management [11][12] Systems and Operations Development - The development and testing of multi-currency settlement and collateralization capabilities were completed, with implementation scheduled for Q3 2025 [17][19] - Abaxx achieved ISO/IEC 27001:2022 certification for its exchange and clearing infrastructure, confirming alignment with global standards for information security and operational resilience [18][12] Additional Corporate Updates - A second pilot for the Abaxx USD Trust Network was announced, utilizing Private Digital Title and ID++ technologies with tokenized-USD money market funds [24] - The Console Suite applications, including Sign, Drive, and Messenger, were deployed to production environments ahead of schedule, enhancing secure trade documentation and communications [25]