CQG Offers Clients Access to Newly Launched Abaxx Exchange

DENVER / SINGAPORE - July 16, 2024 - CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, announced that it has partnered with Abaxx Exchange to provide its clients with access to trade new benchmark futures on energy, metals and other energy transition-focused commodities.
Abaxx, the new global commodity futures exchange and clearinghouse based in Singapore, launched on June 28 with five physically deliverable futures contracts in liquified natural gas (LNG) and carbon markets, soon to be followed by solutions for battery metals. The exchange's offering is designed to help market participants execute their energy transition strategies, with improved price discovery and enhanced risk management tools.
Mike Glista, CQG Senior Vice President, said: "CQG is dedicated to supporting exchanges with solutions that address the diverse needs of traders. Our partnership with Abaxx exemplifies this commitment to the broader trading community. The Abaxx team has consistently demonstrated its commitment to providing top-tier connectivity for our shared customers. We eagerly anticipate the growth of products and clearing services that will further enhance CQG's presence in Asia."

About CQG

CQG provides the industry's highest performing solutions for traders, brokers, commercial hedgers and exchanges for their market-related activities globally, including trading, market data, advanced technical analysis, risk management, and account administration. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets. CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. One of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered in Denver, with sales and support offices and data centers in key markets globally, providing services in more than 60 countries. For more information, visit www.cqg.com.

About Abaxx Exchange

Abaxx (www.abaxx.exchange) is building Smarter Markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges that we face as a society, including climate change and the energy transition.

Abaxx Commodity Futures Exchange and Clearinghouse (Abaxx Exchange) introduces centrally cleared, physically delivered futures contracts and derivatives to deliver better price signals, better risk management and an enhanced market ecosystem enabling energy and commodity markets to accelerate the energy transition.

Licensed as a Recognised Market Operator (RMO) and an Approved Clearinghouse (ACH) by the Monetary Authority of Singapore (MAS), Abaxx Exchange is majority owned by Abaxx Technologies (NEO:ABXX)(OTCQX:ABXXF), and its initial focus is global LNG and Carbon and Nickel benchmarks followed by continued solutions for Battery Metals.

Ellen G. Resnick
Crystal Clear Communications
[email protected]
+1 312-399-9295 (cell)