GlobeNewswire
Abaxx Technologies, a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, announced active trading in its physically-deliverable Gold Singapore Futures following the product’s official launch on June 12, 2025.
As the only physically-deliverable, U.S. dollar-denominated gold futures contract based in Asia’s primary trading center of Singapore, this product provides a regionally relevant tool for price discovery, hedging, and delivery, and offers global access to a contract designed for today’s trade flows.
The Abaxx Gold Singapore Futures contract is a USD-denominated, kilobar-sized product aligned with the format preferred by the regional physical bullion trade. Deliverable into approved vaults in Singapore, the contract is purpose-built to serve refiners, industrial consumers, banks, and physical traders seeking to hedge kilobar transactions in Asia’s key delivery hub.
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The launch comes at a time when gold prices are reaching record highs and demand for regional price transparency is growing.
Abaxx Gold Singapore Futures saw active trading during their first two trading sessions. Eight market makers participated, including firms from Singapore, Hong Kong, London and Thailand, with more market makers and commercial firms expected to connect in the coming weeks.
“KGI Securities Singapore is delighted to be cleared for trading on the Abaxx Gold Singapore Futures contract,” said Ken Ong, CEO of KGI Securities Singapore. “This new offering directly addresses the growing demand for regional price transparency and a physically-deliverable gold product tailored for the Asian market. We are excited to facilitate access for our clients to this critical new instrument and to further strengthen our commitment to providing comprehensive solutions in the commodities market.”
“We congratulate Abaxx on the launch of their Gold Futures contract,” said Golf Hirunyasiri, CEO, MTS Gold Group. “MTS Gold is pleased to be the first physical market participant committed to supporting delivery under Abaxx’s Gold Futures contract. We are excited about the synergy and participation and wish Abaxx continued success.”
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