Does Abaxx fill a long-standing gap in silver pricing?

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Abaxx Technologies Inc. Launches Silver Singapore Futures to Address a Gap in Asian Market Pricing

Trading has commenced in Abaxx Technologies Inc.'s (Abaxx) Silver Singapore (SSP) futures contracts, a new product designed to bridge the disparity between global silver price formation and the specific physical needs of Asia's industrial silver market. This initiative is particularly relevant as demand for higher-purity silver material escalates within the region's solar and advanced electronics supply chains. The introduction of the SSP futures aims to facilitate more direct price discovery and provide hedging mechanisms for commercial entities actively managing their physical silver positions in Asia.
New Physically Deliverable Silver Benchmark Introduced

The Abaxx SSP futures contract is structured as a United States dollar-denominated, physically deliverable product, each unit comprising 1,000 troy ounces of silver with a fineness of 0.9999. This specific purity level aligns with the increasing requirements of advanced industrial applications. The physical delivery aspect is facilitated through approved vaults located in Singapore, with Brink’s Singapore being one of the designated facilities.
Addressing Price Discovery Needs for Industrial Users

Michael DiRienzo, President and Chief Executive Officer of the Silver Institute, commented on the launch, stating that Abaxx is effectively addressing a long-standing deficiency in price discovery for industrial silver consumers across Asia. The establishment of this benchmark is viewed as a significant advancement for the global silver market, providing commercial participants with enhanced tools to manage their physical silver exposure.
Trading Hours and Availability

The Abaxx SSP futures are available for trading on weekdays, commencing at 10 am and continuing for a duration of 14 hours. Trading is suspended on Singapore public holidays. This schedule is designed to accommodate the active trading hours within the region, ensuring accessibility for market participants.

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Does Abaxx fill a long-standing gap in silver pricing?

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