Now that @abaxx_exchange is fully onboarded onto the Bloomberg Terminal, how long until @business reporters start to once and for all quote the exchanges benchmark LNG prices?
Paging: @JavierBlas, @SStapczynski, and @ruth_on_LNG
$ABXX.TO
Press Release in the replies...
Abaxx
Achieving
Record
Exchange
Volumes
RWA’s and the FAIR trade thereof are the future for economic prosperity, stability and peace.
The number of contracts executing daily are blowing records day after day. The world is waking up.
I love buying value at these share price levels the last couple of weeks.
My faith is in @JoshCrumb and @JoeRaia5
Big picture is Big Future
Reminding Again: Zohran's family still keeps this mansion in Uganda in the richest neighborhood of Kampala surrounded by armed security because everyone else is so poor.
Over 5 years public—from development stage to actively ramping up Abaxx Exchange volumes on globally-important benchmarks—the data shows we’ve been effective and disciplined with cash (human capital >> financial capital) and protective of our share structure, especially for a “special situation” with no real comps.
This NCIB is just one small part of a deliberate strategy over our funded runway the next 12–18 months to enhance long-term per-share value as we enter our highest-growth phase yet.
$ABXX.TO #1of1
Both gas and solar will continue to grow across Asia for decades to come.
Abaxx is at the center of market infrastructure for all of it—from LNG, carbon and solar to lithium and silver. We are right at the inflection point where it gets really exciting.
$ABXX.TO #29ers #NowWeScale
When @RealRickRule speaks, the smartest investors listen. He has earned a reputation for asking the right questions, long before the rest of the market does
@Hammie_Hammie@ashinohippariai@nanya103704 The replies to your coherent argument show a clear lack of critical and logical thinking that is quite disturbing.
Yes, this will make me pause when I consider visiting Japan next time. And no, I am not what they would refer as low class tourist.
@ashinohippariai@nanya103704 It disguised xenophobia in differential treatment and pricing. You inherently believe high prices will not attract low class people ( especially tourists), yet ignore low class behaviour in locals as well as wealthy foreigners. So I refuse to accept flawed logic
Thank you @robert_ivanhoe, the @Uber analogy is an excellent description of what @abaxx_tech is/has building/built. Almost everyone sees a competing exchange with a few innovative products, built to compete against the existing incumbents in a similar way. That description couldn’t be farthest from the truth. @abaxx_exchange@abaxx_spot@abaxx_labs have rethought the entire market infrastructure plumbing, from how information flows, (who sees it, how it is transferred, how it is cryptographically stamped) to how the collateral moves, (what margin can be taken, when can it move, how quickly can it move, who has direct claim on it) to what commodities are delivered, in what size and form and in what locations. 1 of 1 business hiding in plain sight. @JoshCrumb
Jeff Currie going on the best rant ever for Abaxx’s upcoming “liquidity explosion” on ATB call. $ABXX.TO
Called linked below.
They go more into the incentives.
If some of you are concerned, remember CBOE still incentivizes ~47% of transaction related fees.
Congratulations to @JoshCrumb and the team at Abaxx on this milestone.
@Abaxx is disrupting the plumbing of commodity markets. Traditional commodity exchanges are like taxi ranks: They provide a place for buyers and sellers to meet.
Abaxx, like @Uber, will own and manage the whole journey, completely redesigning how commodity markets are priced, traded, settled and ultimately financed.
On our first +100,000 contract day today:
“Abaxx is overcoming the dual challenge of a) building the first greenfield, physical-commodity clearinghouse in decades while b) developing liquidity under the compounding constraints of a young exchange launching unique products in volatile markets.”
“Our efforts to seed liquidity have translated into a deeper order book, tighter prices, and consistent liquidity across our markets. This creates a) greater commercial opportunity for trading participants and b) helps attract additional clearing members with growing clearing fees and margin contributions in Abaxx markets.”
The Abaxx Exchange team is world class, has done it before, the team is growing, the network growing—the plan is working.
Human Capital >> Financial Capital
$ABXX.TO #29ers #Gold
The below chart is a thing of beauty. In the past 12 months, average daily contract fee revenue at Abaxx Exchange has grown from $966 per trading day last July, to $63,947 this June.
That's a mind blowing 🤯month-over-month growth rate of 64.44% during that period. What's even more impressive about this is the fact that most US, European, and China based traders haven't even had the opportunity to trade yet, while global FCMS continue to connect and build out the Abaxx Exchange & Clearing network.
With the largest FCM in China onboarded this week, Yongan International (see below link), and another 10-11 FCMs in the pipeline, I expect trading volumes to continue to grow at a rapid near exponential pace this summer and fall.
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https://t.co/Xrg2nDBZOi
Happy 2nd birthday to the @abaxx_exchange 🎂 🎉
No other exchange-clearinghouse in a major financial centre has listed more new physical-delivery benchmarks the past two years. Much more to come!
Real commodities. Real prices matter.
#LNG#Gold#9999Silver#Lithium #BatteryMetals #Wind #Solar #Carbon $ABXX.TO