Abaxx Exchange, a global commodity futures exchange and clearinghouse based in Singapore, is now available through the TT platform.
Trading Technologies has established connectivity to the newly launched exchange that lists energy and carbon derivatives contracts. The first trade was executed through the TT platform by StoneX Financial.
Abaxx Exchange lists physically deliverable energy contracts
Abaxx offers access to five new commodity benchmark futures contracts that are centrally cleared, physically deliverable contracts to better enable market participants to execute their energy transition strategies, providing improved price discovery and enhanced risk management tools in liquefied natural gas (LNG) and carbon markets.
The exchange will soon list derivatives contracts for battery metals, according to the announcement.
Alun Green, EVP Managing Director, Futures & Options for TT, said: “Trading Technologies offers the world’s leading financial institutions and professional traders access to all major listed derivatives markets globally, and 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, said: “We are thrilled to partner with Trading Technologies to offer our clients seamless access to smarter markets. 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 connects to European Power Exchange
In late February, TT launched connectivity to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe so that clients can trade the European physical power markets.
From now on, TT users can engage in continuous intraday power trading – with advanced trading tools such as algorithmic trading capabilities and comprehensive risk management features – in collaboration with a significant European energy supplier, offered as a fully co-located service to clients worldwide.
EPEX SPOT, based in Paris and operating as an independent entity under the European Energy Exchange (EEX), spans power markets across multiple European countries including Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, the UK, and Switzerland.
The European electric power exchange provides a liquidity outlet for producers, suppliers and transmission system operators, as well as for industrial consumers, to fulfill their sales or purchases in short-term power.
The prices serve as a benchmark for the transactions of the wholesale market, ensuring competitive prices for European end-consumers who can choose between numerous electricity suppliers.
