Abaxx Prepares Exchange Opening Sequence and Final Notices - Seite 2

Abaxx Exchange & Clearinghouse will commence with LNG, Carbon, and Nickel Sulphate futures contracts. We anticipate that first trades of these products will be block trades, and that trading activity will ramp up over a number of quarters as open interest and liquidity builds in these new futures contracts. We will update following the successful launch of trading in these individual future contracts as open interest develops in each market.

First Trades on Abaxx Exchange

The ‘go live’ phase of futures block trades has been facilitated by our global broker partners. Broker firms have been engaged with trading firms across the three initial product verticals to enlist their interest in ‘first trades’. It is general practice with new market launches that trading and clearing firms confirm all trade information and data has been correctly routed to the proper clearing entities before continuing to trade.

At launch, market participants that have completed onboarding will be able to engage the Abaxx Exchange central limit order book or report Block and Exchange of Futures for Related Product (“EFRP”) trades through the Abaxx trade reporting system. Market data including trade volume and open interest will be available at www.abaxx.exchange and through market data channels provided by approved Independent Software Vendors (“ISVs”) and data vendors.

Connecting to Abaxx Exchange

In addition to the current clearing members, customers of Marex and an Asian financial institution are expected to be able to access the Abaxx suite of physically-deliverable futures contracts via an arrangement with carry brokers in Singapore.

We are continuing to assist global clearing firms gain access to our markets via their trading customers. Additionally, we are continuing to address pent up demand by onboarding relevant execution brokers to facilitate and submit block trades into Abaxx’s Clearinghouse. Contact information for our Clearing and Execution broker partners will be listed on our website shortly.

Abaxx requests market trading participants contact their clearing service provider to inform them of their interest to trade Abaxx Futures contracts. To reach our commercial team about connecting to Abaxx Exchange, please contact [e-mail].

Abaxx’s Suite of First-of-Their-Kind Physically Settled Futures Contracts

LNG Futures

Abaxx’s initial suite of first-of-their-kind LNG futures products are uniquely designed to empower participants in the global LNG markets with a benchmark that will be physically deliverable, contain all the protections of regulated futures markets, and offer daily and final settlements against actual transactions on a regulated market versus index settled products that have been the only solution offered to the market to date.