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Australian Bond Exchange Holdings Ltd. ( (AU:ABE) ) has shared an update.
Australian Bond Exchange Holdings Ltd. has strengthened its strategic positioning in wholesale financial markets after successfully completing live use-case testing in the Reserve Bank of Australia’s Project Acacia, demonstrating real-time, atomic settlement of tokenised fixed income instruments using central bank digital currency. This validation of its technology, combined with ongoing enhancements to its institutional order management system supporting around $1 billion in monthly order volume, an expanded product suite through participation in new senior secured medium-term notes, and continued cost reduction initiatives, is expected to broaden its addressable market, reinforce its fintech credentials and improve operating efficiency, as reflected in a reduced quarterly net operating cash outflow of $0.4 million.
The most recent analyst rating on (AU:ABE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Australian Bond Exchange Holdings Ltd. stock, see the AU:ABE Stock Forecast page.
More about Australian Bond Exchange Holdings Ltd.
Australian Bond Exchange Holdings Ltd. is a financial technology and services company focused on democratizing access to over-the-counter fixed income markets for retail investors, wealth managers and institutions. Leveraging a proprietary trading, settlement and order management platform, the group aims to deliver inclusive, transparent and efficient infrastructure for bonds, credit and structured products, with an emphasis on near real-time market access and settlement.
Average Trading Volume: 33,417
Technical Sentiment Signal: Sell
Current Market Cap: A$3.69M
See more insights into ABE stock on TipRanks’ Stock Analysis page.