New contract offers CNH-denominated exposure to Singapore kilobar gold prices, supporting regional hedging and cross-market trading strategies
TORONTO, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company and majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Abaxx Exchange will launch Gold Singapore CNH Cash-Settled (“GKC”) futures on November 16, 2026.
GKC futures will extend the reach of Abaxx’s Singapore kilobar gold prices into offshore Chinese renminbi (CNH) markets. The contract will connect CNH-denominated trading and hedging to prices established by Gold Singapore (GKS) futures, supporting their use across Asia’s bullion markets.
As Singapore and Hong Kong develop their roles as international bullion centers, regional price relationships are increasingly relevant to firms managing physical inventory and procurement. GKC adds a CNH-denominated instrument for managing Singapore gold exposure and supporting cross-market strategies involving price differences between these centers.
The launch complements Abaxx’s previously announced LNG North Pacific Asia CNH Cash-Settled (NPC) futures, also scheduled to begin trading on November 16, 2026. The two contracts connect offshore renminbi-denominated trading with Abaxx’s physical gold and LNG markets, giving global participants additional ways to hedge exposure and trade regional price differences as China’s commodity markets become more globally connected.
The CNH-denominated contracts will include:
- Gold Singapore CNH Cash-Settled (GKC) futures: A CNH-denominated, kilobar contract for gold of 0.9999 fineness, financially settled against the price of Abaxx’s Gold Singapore futures contract, with the final settlement price converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH for the 14:00 Singapore time fixing on the Last Trading Day, rounded to the nearest CNH 0.01.
- LNG North Pacific Asia CNH-Cash Settled (NPC) futures: A CNH-denominated, 10,000 MMBtu contract, financially settled against the price of Abaxx’s LNG DAP North Pacific Asia (NPA) futures contract, with the final settlement price also converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH at the 14:00 Singapore time fixing on the Last Trading Day, rounded to the nearest CNH 0.01.
About Abaxx Technologies
Abaxx Technologies Inc. is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets™ podcast.
