NEO:ABXX - Post Discussion
Post by
Clipper2 on Mar 11, 2024 7:41am
We're almost there
https://www.investors.abaxx.tech/abaxx-prepares-exchange-opening-sequence-and-final-notices Clip
Upon approval of this third clearing member application, Abaxx Clearing Singapore Pte. Ltd will request approval from its Board of Directors to provide final readiness attestations. We anticipate that this final Board review process, approval for launch, and submission of required notice will require approximately two weeks. Barring any unanticipated regulatory concerns in the final notice period, Abaxx Exchange and Abaxx Clearing will be operational and markets open.
Abaxx Exchange & Clearinghouse will commence with LNG, Carbon, and Nickel Sulphate futures contracts. We anticipate that first trades of these products will be block trades, and that trading activity will ramp up over a number of quarters as open interest and liquidity builds in these new futures contracts. We will update following the successful launch of trading in these individual future contracts as open interest develops in each market.
GL
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