Eventus, a leading provider of comprehensive, at-scale trade monitoring software, and Abaxx Technologies, a financial software and market infrastructure company and majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Exchange and Clearinghouse, announces that Abaxx Exchange has selected Eventus to provide the trade monitoring platform for the new marketplace.
Abaxx has used the Validus platform as the foundation of its market surveillance program.
Abaxx has been open for trading since June 28, 2024 and is based in Singapore. The company offers global futures in energy, metals and other commodities aligned to the energy transition, starting with liquefied natural gas (LNG) and carbon, with battery metals solutions soon to follow.
Dan McElduff, President of Strategy and Development at Abaxx Exchange, said: “As the first new regulated exchange and clearinghouse focused on physical commodities, built from the ground up in over a decade, Abaxx needs a market monitoring tool that is robust, customizable and scalable.”, but still quick and easy to implement, the Validus platform offers the flexibility we were looking for, supported by an experienced and responsive team to help Abaxx deploy the solution with ease, automation and better focus Control over our monitoring tasks in the market.”
Travis Schwab, CEO of Eventus, said: “We are incredibly honored that Abaxx has selected our team to provide the backbone of its important trade monitoring functionality through the Validus platform. The innovative goods exchange has aroused great interest in the industry. Market integrity is a high priority for the exchange, and Abaxx will benefit from our expertise and powerful monitoring technology used by marketplaces and leading financial institutions around the world.”
