ACX Group is pleased to announce the successful connection with AirCarbon Pte. Ltd. Ltd.’s Singapore-based trading platform and is affiliated with the regulated environment commodity exchange operated by ACX Ltd and ACX Clearing Corporation Ltd (ACX Exchange) at the Abu Dhabi Global Market (ADGM).
This exciting enhancement represents a significant step in ACX Group’s strategy to unite the world’s major environmental commodity markets as one integrated liquidity pool operating under the regulatory oversight of ACX Exchanges.
Related: Sylvera and ACX offer first contract with high-grade carbon credits
The main benefits of connecting ACX SG to ACX Exchange are:
- Enhanced liquidity: Increased liquidity by expanding the number of market participants trading on a single order book on ACX Exchange, contributing to tighter spreads, more efficient price discovery, and greater transparency .
- Global Network: ACX Group’s global network allows market participants to easily operate multiple liquidity pools and products from a single interface, streamlining trading processes, reducing operational costs, and connecting multiple platforms. No need to board.
- Regulatory Compliance: ACX SG customers will benefit from the investor protections that result from ACX Exchange’s regulatory status as a Chartered Investment Exchange and Authorized Clearing House under the supervision of the ADGM Financial Services Regulatory Authority. The regulatory framework ensures that participants trade in a fair, robust and transparent environment with access to carbon markets around the world.
Expressing his enthusiasm for this important milestone, Thomas McMahon, Co-CEO and Co-Founder of ACX Group, said: “Connecting ACX SG to the ACX Exchange will enable liquidity while increasing investor protection. This synergy allows our clients to enjoy the best of both worlds, and we are excited to bring these benefits to the trading community.”
Related: ACX establishes ACX Abu Dhabi Exchange and Clearing House
ACX Group invites traders, investors and market participants to experience the benefits of its platform first-hand and join its exciting journey towards a more connected and regulated trading environment.