Mr. Steve Fray reports
ABAXX PROVIDES CORPORATE UPDATE ON ABAXX EXCHANGE MARKET DATA DISTRIBUTION
Abaxx Technologies Inc. has provided an update on the continued expansion of market data distribution for Abaxx Exchange.
Abaxx Exchange market data are available through the leading providers of financial data, making them broadly accessible to institutional commodity market participants. Broader distribution brings Abaxx prices into the systems market participants already use to monitor and analyze commodity markets. This increases the visibility of Abaxx Exchange contracts, makes them easier to evaluate alongside related benchmarks, and supports their integration into trading and risk management processes.
The expansion also increases the value of the proprietary market data generated by Abaxx Exchange. As trading activity continues, each session adds to the price histories across Abaxx Exchange's energy, precious metals, environmental commodities, battery materials and weather markets. Wider distribution allows those growing data sets to be used by a broader institutional audience.
With its core distribution and data infrastructure now substantially in place, Abaxx is positioned to expand the future commercial potential of the market data that Abaxx Exchange generates. Over time, this may include real-time data licensing, historical data sets and related analytics as sources of recurring revenue.
"We built Abaxx to be the venue for price discovery and risk transfer in markets that are critical to the supply chains of tomorrow's economy. Data is foundational to this market infrastructure and continues to anchor our exchange," said Abaxx Exchange chief markets officer Shanmei Lim. "All trades originate from a data point, and market participants need data to evaluate trading opportunities. We have spent over two years laying the groundwork, and now that our market data is available on every major platform used by commodity traders, this expanded distribution will accelerate the classic network effect. As more traders see our prices, these send signals that lead to trades, which in turn increases liquidity in our markets and ultimately elevates the long-term commercial value of our proprietary data."
About Abaxx Technologies Inc.
Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges faced as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.
In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets podcast.
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