NEO is proud to welcome Abaxx Technology Corp. Ltd, a development stage financial technology business and global commodities exchange, as they launch today on the NEO Exchange. Abaxx is now available for trading under the symbol NEO:ABXX.
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“While evaluating options to grow our business, the NEO team has been closely aligned with our views on the future of the exchange industry in fulfilling commercial requirements and serving shareholders”
Founded in 2018, Abaxx develops software tools that enable commodity traders and finance professionals to communicate, manage risk, and transact faster and more securely. The Company is uniquely positioned to promote price discovery, transparency, order matching, settlement and clearing for market participants in energy and commodities, especially where terms of trade are not yet standardized.
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Abaxx is transforming the marketplace, technological infrastructure, regulatory and governance framework to reinvent commodities exchanges. Led by a team of commodities experts and senior executives, Abaxx leverages deep expertise in markets, software technology, and intellectual property to capture the rapidly growing spot market for Liquified Natural Gas (LNG), and the global energy transition from coal and oil to gas and renewables.
“While evaluating options to grow our business, the NEO team has been closely aligned with our views on the future of the exchange industry in fulfilling commercial requirements and serving shareholders,” noted Josh Crumb, Founder and CEO of Abaxx. “This is a true listing partnership with an exchange that is, like us, committed to technology and progress. Abaxx is improving communication and productivity with innovative software tools for commodity traders and finance professionals. Concurrently, we are launching our new Commodity Exchange in Singapore, focused on Energy and Battery Metals related to the transition from coal and oil to gas and renewables. It’s an exciting time for Abaxx and we are grateful to NEO for their continued role in our journey.”
