A new futures exchange and clearing house focused on commodities that are tied to a lower carbon economy will open for trading in Singapore on Friday. Abaxx Commodity Futures Exchange and Clearinghouse will be clearing its first trades in liquifieid natural gas and carbon credit futures. The exchange is owned by Toronto-based Abaxx Technologies, which has in recent years received financing from BlackRock, CBOE Global Markets, Canada’s Canoe Financial and mining financier Robert Friedland.
Vipal Monga is a Canada Correspondent and Financial Services Reporter for The Wall Street Journal. With a focus on national news in Canada, Vipal covers a wide range of topics including auto manufacturing, natural resources, legal cases, real estate, and international relations. His work has also been featured in Yahoo Finance, showcasing his expertise in financial reporting and analysis.