Abaxx Exchange

What Abaxx Exchange does

Abaxx Exchange Pte Ltd is a Singapore-headquartered commodity futures exchange and clearinghouse that launched in June 2024 as the first cloud-native venue of its kind, built on Amazon Web Services. It is majority-owned by publicly listed Abaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) and operates as a Recognised Market Operator and Approved Clearinghouse under the Monetary Authority of Singapore. Within roughly two years of operation, Abaxx has introduced 16 commodity futures benchmarks across energy (LNG Gulf of Mexico, North Pacific Asia, Northwest Europe), environmental (CORSIA Phase 1 and JREDD+ carbon offsets; Enwex wind futures for Germany, UK, Netherlands, France, Spain and ERCOT Texas; the world's first exchange-traded solar futures in Germany), battery materials (nickel sulphate, lithium carbonate in Singapore, Rotterdam, and Baltimore), and precious metals (Gold Singapore, Silver Singapore). The platform runs a Central Limit Order Book trading system with a separate Abaxx Trade Registration Platform for block trades and EFRPs, and has secured CFTC Foreign Board of Trade registration and ACER Organised Market Place recognition, giving it cross-border access for US and European institutional participants.

The company's core technology stack includes the proprietary MarketOS productivity suite, the ID++ identity and transaction protocol, and a Digital Title solution that enables tokenized money market fund shares to function as T+0 collateral — supported by a wholly-owned custody subsidiary, Adaptive Infrastructure. The exchange monetizes through per-contract transaction and clearing fees ranging from $0.50 (carbon) to $5.00 (LNG, battery materials, weather derivatives), with $1.25 for precious metals, plus ancillary fees for block trades, EFRPs, settlement, delivery, and data distribution through partners including TradingView (100M+ users), TMX Trayport Joule (9,800+ traders), Stellar Trading Systems, ipushpull, and LSEG. Customers are institutional: commercial hedgers (energy companies, utilities, battery and precious-metals supply chain participants), speculative trading firms, and clearing members such as KGI Securities, Marex, and Yongan International Financial. Leadership draws from Goldman Sachs, NYMEX, CME, and SGX, with Jeff Currie appointed Executive Co-Chairman of Abaxx Markets in May 2026.

Name

Abaxx Exchange

Legal name

Abaxx Exchange Pte Ltd

Website

https://abaxx.exchange

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Abaxx Exchange is a Singapore-licensed commodity futures exchange and clearinghouse offering physically-deliverable contracts across LNG, carbon, battery materials, precious metals, and weather-indexed derivatives, serving institutional hedgers, trading firms, and clearing members globally via cloud-native infrastructure.

Ownership category

akta.pro rank

Product category

Commodity Futures Exchange

NAICS

Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (523160), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Energy Commodities Exchanges (Crude Oil, Refined Products, Natural Gas, Power) (FSAFAMAC)

akta.pro secondary industries

Carbon Exchanges, Auctions & Trading Venues (Spot/Futures) (EUAGAIAE), Metals Derivatives Exchanges (Precious & Base Metals) (FSAFABAE), Clearing Broker / Carrying Broker (FCM & Clearing) (FSAEACAF)

Keywords

• Commodity futures exchange
• Clearinghouse services
• Energy futures trading
• Precious metals derivatives
• Battery materials futures

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Transaction and Clearing Fees: Fees charged per side per lot for trading and clearing across all futures contracts. Electronic trading fees ranging from $0.50-$5.00 per contract for physical settlement products, and $1.25 for precious metals. Additional fees for block trades, EFRP, final settlement, delivery, and facilitation.
2. Clearing Membership Fees: No membership fees apply for clearing membership. Revenue derived from transaction fees rather than membership charges.
3. Market Data Services: Real-time and historical market data distributed through ipushpull Excel integration, TradingView, and LSEG. Revenue generated from data distribution partnerships.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Abaxx Exchange operates a centrally cleared commodity futures exchange and clearinghouse licensed by the Monetary Authority of Singapore, offering physically-deliverable futures contracts across energy (LNG), environmental (carbon, weather-indexed), battery materials (lithium, nickel), and precious metals (gold, silver). The platform provides central limit order book trading, clearing and settlement services, and proprietary MarketOS, ID++ protocol, and Digital Title infrastructure for real-time collateral mobility.

Product overview

Abaxx Exchange operates as a multi-product commodity futures exchange and clearinghouse platform licensed by the Monetary Authority of Singapore. The platform offers a comprehensive suite of physically-deliverable futures contracts organized across five core market categories: Energy (LNG Gulf of Mexico, North Pacific Asia, and Northwest Europe futures), Environmental (CORSIA Phase One Carbon and JREDD+ Carbon Offset futures plus weather-indexed Enwex wind and solar futures for Germany, UK, France, Netherlands, Spain, and ERCOT Texas), Battery Materials (Nickel Sulphate Singapore, Lithium Carbonate Singapore/Rotterdam/Baltimore futures), and Precious Metals (Gold Singapore and Silver Singapore futures). The platform infrastructure includes the core trading platform with Central Limit Order Book matching, Abaxx Clearing services for risk management, the Abaxx Trade Registration Platform for block trades and EFRPs, MarketOS for collateral mobility, Digital Title for tokenized collateral, and Adaptive Infrastructure for custodial services. The exchange integrates with third-party platforms including ipushpull (Excel data delivery), TMX Trayport Joule, TradingView, Stellar Trading Systems, and LSEG for market data distribution.

Differentiator

Problem solved

Functional benefit

Brands

• SmarterMarkets Media: A media platform advancing the conversation on energy, climate, technology, and markets through weekly podcast and Coffeehouse social network
• MarketOS
• ID++
• Digital Title

Products and services

• LNG Gulf of Mexico (GOM) Futures US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) physically-deliverable futures contract for US Gulf Coast LNG exports, enabling precise hedging and physical cargo optimization for commercial hedgers and energy traders.
• LNG North Pacific Asia (NPA) Futures US dollar-denominated, 10,000 MMBtu, delivered-at-place (DAP) physically-deliverable futures contract for LNG imports into China, Japan, and South Korea, reflecting real market conditions in the world's largest LNG importing region.
• LNG Northwest Europe (NWE) Futures US dollar-denominated, 10,000 MMBtu, delivered-at-place (DAP) physically-deliverable futures contract for LNG imports into Northwest Europe (Belgium, France, Netherlands, Portugal, Spain, UK), delivering real market pricing for regional imports.
• CORSIA Phase One Carbon Offset Unit (CP1) Futures US dollar-denominated, 100 tCO2e physically-deliverable futures contract for CORSIA-eligible carbon credits covering 2024-2026 compliance period, offering delivery on ACR, ART, Verra, Gold Standard, and CAR registries.
• JREDD+ Carbon Offset Unit (RD1) Futures US dollar-denominated, 100 tCO2e physically-deliverable futures contract for nature-based REDD+ carbon offset units deliverable on Verra and ART registries, supporting companies engaging in forest protection climate strategies.
• Nickel Sulphate Singapore (NSS) Futures US dollar-denominated, 5 tonne nickel-contained physically-deliverable futures contract aligned with EV battery production, reflecting real market conditions in Asia where the world's largest nickel producing nations are located.
• Lithium Carbonate Singapore (LCS) Futures US dollar-denominated, 1 tonne physically-deliverable futures contract providing real USD market pricing for lithium carbonate in Asia outside China, serving the electric vehicle battery market.
• Lithium Carbonate Rotterdam (LCR) Futures US dollar-denominated, 1 tonne delivered-at-place physically-deliverable futures contract for lithium carbonate in Europe, reflecting real market conditions for battery materials in the European market.
• Lithium Carbonate Baltimore (LCB) Futures US dollar-denominated, 1 tonne delivered-at-place physically-deliverable futures contract for lithium carbonate in the United States, designed for traders and commercial participants in the US battery materials market.
• Gold Singapore (GKS) Futures US dollar-denominated physically-deliverable gold futures contract with delivery into approved Singapore vaults, providing a reliable tool for hedging, pricing, and physical delivery into Singapore's major precious metals trading hub serving Asia's manufacturing supply chains.
• Silver Singapore (SSP) Futures US dollar-denominated, 1,000 troy ounce, 0.9999 fineness physically-deliverable silver futures contract with delivery into approved Singapore vaults, designed for physical silver exposure management in Asia's industrial market sectors including solar and advanced electronics.
• Enwex German Onshore Wind (GWM) Futures Euro-denominated financially-settled futures contract indexed to Enwex Wind Germany forecast-based index, providing standardized tool for hedging volume risk tied to weather-driven variability in wind output in Germany's installed wind capacity.
• Enwex UK Onshore Wind (UWM) Futures Pound sterling-denominated financially-settled futures contract indexed to Enwex Wind UK forecast-based index, providing standardized instrument for managing wind generation variability in the United Kingdom.
• Enwex France Onshore Wind (FWM) Futures Euro-denominated financially-settled futures contract indexed to Enwex Wind France forecast-based index for managing volume risk tied to weather-driven variability in France's installed wind capacity.
• Enwex Netherlands Onshore Wind (NWM) Futures Euro-denominated financially-settled futures contract indexed to Enwex Wind Netherlands forecast-based index for managing wind generation risk in the Netherlands renewable power market.
• Enwex Spain Onshore Wind (SWM) Futures Euro-denominated financially-settled futures contract indexed to Enwex Wind Spain forecast-based index for managing weather-driven volume risk in Spain's installed wind capacity.
• Enwex ERCOT Onshore Wind (EWM) Futures US dollar-denominated financially-settled futures contract indexed to Enwex Wind ERCOT forecast-based index for managing wind generation risk within ERCOT's installed wind capacity in one of the largest competitive electricity markets in the United States.
• Enwex Germany Solar (GSM) Futures Euro-denominated financially-settled futures contract indexed to Enwex Solar Germany forecast-based index, providing transparent and standardized tool for hedging volume risk driven by weather variability in solar output in Germany's installed solar capacity.
• Abaxx Exchange Core Trading Platform Licensed Recognised Market Operator (RMO) trading system operating a Central Limit Order Book for fair, orderly and transparent order matching, supporting block trades and EFRP execution, with block trade minimums of 5 lots and various reportable levels.
• Abaxx Clearing Services Approved Clearinghouse providing clearing services including collateral and margin arrangements, novation and substitution, settlement finality, and default management and recovery with clearing membership requiring S$5 million base capital minimum.
• Abaxx Trade Registration Platform (ATRP) Platform for executing block trades and EFRPs, allowing introducing brokers and execution brokers to report executed trades with access forms for trading access and broker access management.

Quantifiable outcome

• 35% infrastructure cost reduction through cloud-native AWS deployment
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and major.

• KGI Securities SingaporecoreChannel Partner/ Reseller/ Distributor · 26 May 2026KGI Securities confirmed support for client access to Silver Singapore futures contract. Represents major broker support for new precious metals product launch.
• Alta Alternative InvestmentsmajorStrategic or Co-development Partner · 7 May 2026Letter of engagement to establish Singapore-based Variable Capital Company umbrella structure enabling money market fund shares to function as T+0 collateral for margin at Abaxx Clearing. Moves Digital Title from December 2025 pilot toward first commercial implementation, with Alta serving as fund manager.
• EnwexcoreStrategic or Co-development Partner · 16 April 2026Partnership for weather-indexed benchmark suite including Enwex Germany Solar (GSM) futures - world's first exchange-traded solar futures contract. Also includes Enwex wind futures for Germany, UK, Netherlands, France, Spain, and ERCOT Texas. Euro-denominated financially-settled contracts indexed to Enwex Wind/Solar country indices.
• Equias B.V.coreImplementation/ SI/ Consulting Partner · 13 April 2026Appointed as Registered Reporting Mechanism to support market participants with EU REMIT compliance reporting ahead of updated 2026 requirements. Enables European market participants to access only physically-deliverable LNG futures linked to regional import flows meeting EU REMIT requirements.
• ipushpullcoreTechnology or Integration · 10 February 2026Partnership to deliver real-time and historical Abaxx Exchange market data directly into Microsoft Excel. Trading firms can subscribe to specific datasets with values updating automatically as the exchange publishes new data across active contracts. Supports pricing, position monitoring, and exposure management workflows.
• TMX TrayportcoreTechnology or Integration · 9 February 2026Partnership to extend trading access through Joule platform. Connectivity expected before end of Q1 2026. Enables traders to view Abaxx Exchange markets alongside energy and commodities, submit orders directly, and access physically-deliverable LNG futures, weather-indexed derivatives, and environmental contracts. TMX Trayport serves over 9,800 traders globally and facilitated over 620 million trades in 2025.
• Amazon Web Services (AWS)coreTechnology or Integration · 12 January 2026Cloud infrastructure provider for first cloud-native commodity futures exchange and clearinghouse. Achieved approximately 35% reduction in infrastructure costs and successfully scaled to handle tenfold increase in user traffic.
• Stellar Trading SystemscoreTechnology or Integration · 1 December 2025Full connectivity completed between Stellar's trading platforms and Abaxx Exchange. Integration allows trading firms to access Abaxx commodity futures contracts and Stellar's low latency solutions across various global markets.
• TradingViewcoreTechnology or Integration · 27 October 2025Integration of Abaxx futures markets data into TradingView, expanding access to physically-deliverable contracts for TradingView's global community of over 100 million users. Enhances transparency and market participation in energy, metals, and environmental benchmarks.
• Singapore Bullion Market AssociationcoreOthersAbaxx Singapore joined as Local Associate Member, enhancing role in physical gold trading and market infrastructure development in Singapore and Asia-Pacific region.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CME Group: The world's largest derivatives exchange operator, listing benchmark energy, metals and agricultural futures. Directly competes with Abaxx for institutional clearing volume but with vastly deeper liquidity and broader product coverage.
• Intercontinental Exchange (ICE): Operator of ICE Futures Europe and ICE Endex, listing Brent crude, TTF gas and a growing suite of global LNG benchmarks. A primary incumbent competitor in the global LNG and energy derivatives space where Abaxx is building share.
• European Energy Exchange (EEX): Part of Deutsche Börse Group, EEX is Europe's leading energy exchange with extensive power, gas and emissions derivatives. A relevant incumbent for Abaxx's weather-indexed and environmental products targeting European participants.
• Nasdaq Commodities: Nordic-listed commodity derivatives exchange operated by Nasdaq, offering power and energy products. Comparable as a regulated European exchange expanding weather and energy transition derivatives that overlap with Abaxx's environmental product set.
• Cboe Global Markets: Diversified exchange operator with futures, options and securities markets. Relevant as a broader exchange operator reference point, though Abaxx's commodity focus differs from Cboe's derivatives franchise.

Direct peers

• London Metal Exchange (LME): World's premier industrial metals exchange (part of Hong Kong Exchanges Group). Directly comparable to Abaxx's precious metals futures (Gold Singapore, Silver Singapore) as an exchange trading physically-deliverable metal contracts with global relevance.
• Dubai Mercantile Exchange (DME): Middle East-based energy exchange (part of CME Group) listing Middle East sour crude benchmarks. Comparable as an emerging/regional energy-focused exchange targeting global institutional hedgers.
• Singapore Exchange (SGX): Singapore-based exchange group operating Asian commodity and financial derivatives including energy and metals contracts. Most direct geographic and regulatory competitor to Abaxx within MAS jurisdiction.

Regional players

• Japan Exchange Group (JPX/OSE): Operates the Osaka Exchange with commodity futures including precious metals and energy. A regional competitor in Asia whose domestic dominance constrains Abaxx's access to Japanese participants.
• Hong Kong Exchanges and Clearing (HKEX): Major Asian exchange group with commodities and metals derivatives. Relevant regional peer serving Chinese, Hong Kong and broader Asian institutional clients that Abaxx is targeting with its LNG and battery materials contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/abaxx-exchange
• Xx.com/abaxx_exchange

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abaxx Exchange