TORONTO – (BUSINESS WIRE) – NEO is proud to welcome Abaxx Technology Corp. Ltd. (“Abaxx” or the “Company”), a developing-stage financial technology company and global commodities exchange, when it launches today on NEO Exchange. Abaxx is now available for trading under the symbol NEO: ABXX.
Founded in 2018, Abaxx develops software tools that enable commodity traders and finance professionals to communicate, manage risk and trade faster and more securely. The Company is uniquely positioned to promote price discovery, transparency, order matching, settlement and clearing for players in the energy and commodities market, especially when the terms of trade are not yet standardized.
Abaxx is transforming the market, technological infrastructure, regulatory and governance framework to reinvent commodity exchanges. Led by a team of raw materials experts and senior executives, Abaxx draws on deep expertise in markets, software technology and intellectual property to capture the rapidly growing spot market for liquefied natural gas (LNG). ) and the global energy transition from coal and oil to gas. and renewable energies.
“While evaluating options to grow our business, the NEO team has been closely aligned with our perspective on the future of the equity industry by meeting business demands and serving shareholders,” noted Josh Crumb, founder and CEO of Abaxx. “This is a real listing partnership with a stock exchange which, like us, is committed to technology and progress. Abaxx improves communication and productivity with innovative software tools for commodity traders and finance professionals. At the same time, we are launching our new commodities exchange in Singapore, focused on energy and battery metals linked to the transition from coal and oil to gas and renewables. It is an exciting time for Abaxx and we are grateful to NEO for their continued role in our journey.
Investors can trade shares of NEO: ABXX through their usual investment channels, including discount brokerage platforms and full-service dealers.
“As a leading fintech company in the field of raw materials, Abaxx is well versed in the financial markets and the foreign exchange industry.. Their decision to list on the NEO Exchange is a strong endorsement of our exceptional service and our commitment to deliver results ”. noted Jos Schmitt, President and CEO of NEO. “Abaxx is at the crest of a wave of tech companies gearing up to launch into NEO, all of which share our laser focus on innovation and disruption. NEO is proud to be their exchange of choice, and we look forward to providing Abaxx with the enhanced liquidity, increased access to capital, and greater investor exposure that they seek.
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About Abaxx Technologies Inc.
Abaxx Technologies Inc. is a developing-phase financial technology company developing software tools that enable commodity traders and financial professionals to communicate, trade and transact more quickly and securely. Abaxx Technologies Inc. is the majority shareholder of Abaxx Singapore Pte. Ltd. (“Abaxx Commodity Exchange” or “ACX”), a commodity futures exchange seeking final regulatory approvals as a Recognized Market Operator (“RMO”) and clearing house approved by the Monetary Authority of Singapore (“MAS”).
Connect with Abaxx: Website | LinkedIn | Twitter