Trading Technologies partners with Abaxx Exchange for energy trading expansion

Trading Technologies International, Inc. (TT) has broadened its services by teaming up with Abaxx Exchange, a new global commodity futures exchange situated in Singapore. This collaboration, which commenced on June 28, allows clients to engage in trading energy and carbon derivatives contracts through the TT platform. Abaxx Exchange stands out by offering distinct centrally cleared, physically deliverable contracts that cater to market participants' energy transition strategies, particularly in LNG and carbon markets.

Alun Green, EVP Managing Director, Futures & Options for TT, expressed excitement about the partnership, emphasizing the advantages of Abaxx Exchange in bolstering risk management tools and price discovery for clients. Dan McElduff, the President of the exchange, underscored the importance of this collaboration in granting market participants access to more intelligent markets through cutting-edge technology and top-notch commodity futures contracts.

In a recent development, TT also announced connectivity to the European Power Exchange (EPEX SPOT) via its platform. This integration allows clients to partake in European physical power markets for the first time on TT, offering continuous intraday power trading capabilities on a global scale.

Trading Technologies is a leading Software-as-a-Service (SaaS) technology platform provider in the global capital markets sector. The company's TT platform links up with major international exchanges, furnishing advanced tools for trade execution, market data solutions, analytics, risk management, and more to a diverse array of financial institutions and market participants.

Abaxx Exchange, on the other hand, is dedicated to constructing Smarter Markets by introducing centrally cleared, physically delivered futures contracts and derivatives to enrich price signals, risk management, and the market ecosystem in energy and commodity markets. Licensed by the Monetary Authority of Singapore, Abaxx Exchange is predominantly owned by Abaxx Technologies and aims to tackle challenges like climate change and the energy transition through innovative market solutions.

The partnership between Trading Technologies and Abaxx Exchange signifies a significant step towards enhancing trading opportunities in energy and commodity markets. With a focus on innovation and market intelligence, this collaboration opens up new avenues for market participants to manage risks effectively and discover competitive prices, ultimately contributing to a more sustainable and efficient market ecosystem.