The Dawn of a New Era in Commodity Futures: Abaxx Exchange and Clearing House Selects Baymarkets Clara Clearing System

The energy transition, a monumental shift in the way we produce and consume energy, is creating a generational opportunity to build the market infrastructure needed to unlock the investment capital required for a low-carbon economy. This sentiment, expressed by Dan McElduff, CEO of Abaxx Clearing, resonates deeply in today’s fast-paced financial landscape.

In a significant move, Abaxx Technologies’ indirectly held, majority-owned Singapore-based exchange, Abaxx Exchange, and clearing house, Abaxx Clearing, have chosen Baymarkets clearing technology and platform to power their newly-launched Abaxx Commodity Futures Exchange and Clearinghouse. This strategic partnership is poised to revolutionize the way commodity futures are traded, cleared, and settled.

Image: Liquefied Natural Gas (LNG) plays a crucial role in the energy transition.

The Clara platform, renowned for its reliability and efficiency, will support Abaxx Clearing’s initial suite of five new, centrally-cleared, physically-deliverable commodities futures contracts in liquefied natural gas (LNG) and carbon. This marks a significant step forward in providing better price discovery and risk management tools for these commodities. The partnership will also pave the way for solutions in battery metals, a critical component in the transition to a low-carbon economy.

Baymarkets’ chairman, Peter Fredriksson, and CEO, Tore Klevenberg, expressed their delight in working closely with Abaxx to deliver a custom-fit, trusted, and tested global clearing solution. This collaboration will play a vital role in supporting Abaxx’s mission to transition to a more sustainable financial markets ecosystem, ultimately leading to a positive social impact.

In an industry where speed, efficiency, and reliability are paramount, the partnership between Abaxx and Baymarkets is a beacon of hope for a brighter, more sustainable future. As the energy transition continues to gather pace, it is crucial that market infrastructure keeps pace, providing the necessary tools and platforms for a low-carbon economy to flourish.

Image: The energy transition is creating a generational opportunity to build the market infrastructure needed for a low-carbon economy.

The success of this partnership will have far-reaching implications, not only for Abaxx and Baymarkets but for the entire commodities trading community. As we embark on this exciting new chapter, one thing is clear: the future of commodity futures trading has never looked brighter.