Abaxx Technologies Pioneers LNG Cargo Trade Indexed to Its Futures

Abaxx Technologies Inc ( (TSE:ABXX) ) just unveiled an announcement.

Abaxx Technologies Inc. has announced a groundbreaking over-the-counter trade of an LNG cargo indexed to its LNG futures, marking a significant milestone in the global LNG markets. This development highlights the growing adoption of Abaxx’s futures as benchmarks for LNG pricing, offering more precise pricing tools amid geopolitical shifts affecting global commodities markets, and reinforcing the company’s role in providing reliable risk management solutions.

More about Abaxx Technologies Inc

Abaxx Technologies Inc. is a financial software and market infrastructure company focused on creating Smarter Markets through advanced financial technology. The company is the majority shareholder of Abaxx Singapore Pte Ltd., which owns the Abaxx Commodity Exchange and Clearinghouse. Abaxx is dedicated to developing and deploying technologies that enhance communication, trade, and transactions, particularly in the context of the energy transition. Their Singapore-based subsidiaries introduce centrally-cleared, physically deliverable commodities futures and derivatives, providing improved price discovery and risk management tools for critical commodities.

Average Trading Volume: 193,538

Technical Sentiment Signal: Sell

Current Market Cap: C$61.56M

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