Abaxx Q1:
All major market opening milestones completed Q1
Closed final placement of +$55mm total for Exchange &(Canoe, Cboe, Blackrock, Wellington, Tom Ward, R. Friedland, Traxys, K2, Rothschild +more)
3 FCMs approved (now 5 incl. indirect)
Third Clearing Member was approved & board attestation Notice was delivered to MAS, daily Q&As ongoing (ie Baltimore bridge collapse, how effects our Ni market)
-All major market opening milestones completed in Q1
-Working first blocks now.
Remember, we’re the first new physical commodity clearinghouse in over a decade and as we all know risk & compliance complexity (and IT etc) been exponential since then. Nothing about first trades is linear, but all major milestones on the opening path have been completed in Q1
4/4 — Planning next IR call mid-May, giving us a chance to put some OI on the board & explain clearly physical-trade backoffice boarding (everyone learning on fly).
Will also finish sprints for first public ++ launch roadmap (not Full Apple, but path for 1st product in hands)