Abaxx Exchange

Abaxx Exchange (AEX), headquartered in Singapore, was launched to provide centrally cleared, physically delivered futures contracts and derivatives in liquified natural gas (LNG), pending regulatory approval. Toronto-based Abaxx Technologies Inc., the majority shareholder of the Abaxx Exchange, is designing financial tools to provide traditional risk management and enhanced ESG compliance for the exchange. 
Abaxx’s research and trading teams published a white paper on January 17, 2023, detailing the benefits of a global LNG benchmark with the option to complete a physical delivery transaction. Abaxx said the ability to be the “buyer or seller of last resort” allows market participants to more directly correlate and converge with their LNG cargoes on the waterway. 
== History ==
On January 20, 2023, Abaxx Exchange filed a notice of upcoming listing of futures contracts with the Monetary Authority of Singapore for regulatory review. The futures contracts are designed to meet the pricing and risk management needs of energy market participants trading liquefied natural gas (LNG).
Abaxx plans to launch a set of three regional contracts including: Northwest Europe, North Asia Pacific and the United States Gulf of Mexico. Abaxx said the contract structure was determined after extensive consultations with energy market participants.
== Products and Services ==
Abaxx Exchange is in the process of launching a physically delivered LNG contract. The Abaxx operations team will facilitate an efficient execution experience for members across the lifecycle of a trade. Abaxx Clearing will perform post-trade clearing, risk management and settlement services for the exchange.
In January 2025, Abaxx Exchange launched a nickel sulphate futures contract in Singapore to "meet the growing demand for reliable price benchmarks in a rapidly transforming market,” Abaxx Technologies Inc. said in a statement reported by Bloomberg. Nickel sulphate is used in electric vehicle batteries, while the refined nickel that’s deliverable against London Metal Exchange contracts is mostly used for making steel. There have been calls from the industry for new pricing systems that could serve as an alternative to the LME ever since the 2022 massive short squeeze on the London exchange.
== Regulation ==
Abaxx Clearing is incorporated in Singapore and will be licensed and supervised by the Monetary Authority of Singapore (MAS), as an approved clearing house (approval in principle was received on August 25, 2021 from the MAS). Abaxx Clearing will comply with the statutory objectives set out in the Securities and Futures Act and its subsidiary legislation, including SF (Clearing Facilities) Regs and SF (Corporate Governance) Regs and MAS Notice on Financial Market Infrastructure Standards. 
== Key People ==
*Nancy Seah, Managing Director
*Joe Raia, Chief Commercial Officer
*Daniel McElduff, CEO, Abaxx Clearing
*Shanmei Lim, Senior Vice President, Corporate Development
*Tock Siong Tan, Chief Regulatory Officer
*Sian Hwee Ong, Chief Risk Officer
*Celine Tan, Financial Controller
*Lawrence Foo, General Counsel
*Altay Poyraz, Chief of Market Operations
*Richard Fang, Chief Technology Officer
== References ==