Air Carbon Exchange (ACX) Group successfully connected AirCarbon’s Singapore-based trading platform, with the environmental instruments exchange operated by ACX Clearing Corporation in the Abu Dhabi Global Market, on Tuesday.
The firm said this enhancement represents an important step in ACX Group’s strategy of connecting key global environmental instrument markets, as one consolidated liquidity pool operated under the oversight of the ACX Exchange.
The benefits of ACX SG’s connection to the ACX Exchange include the expansion of market participants trading on ACX Exchange’s single order book, which will increase liquidity and contribute to tighter spreads, and more efficient price discovery, the energy firm said.
The company added the benefits would also comprise ACX Group’s global network that ensures market participants to easily navigate multiple liquidity pools and instruments from a single interface.
Additionally, the firm mentioned that ACX SG’s clients will also benefit from the investor protection that results from ACX Exchange’s regulatory status, being a Recognised Investment Exchange and a Recognised Clearing House under the supervision of the Financial Services Regulatory Authority of ADGM.
Thomas McMahon, co-chief Executive at ACX Group, stated, “By connecting ACX SG to the ACX Exchange, we are enhancing liquidity while fortifying investor protection.”
ACX is a global digital exchange that brings traditional commodities trading infrastructure to the carbon markets by combining the team’s expertise in commodities trading and pioneering the development of best-in-class technology solutions, ACX also helps accelerate all key stakeholders in tackling the challenges of Net Zero transition.
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