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Abaxx Technologies Inc. has seen active trading of its physically settled Gulf Coast LNG futures contracts since they were launched June 28 in what the company said is a strong sign of the market’s interest.
Bids and offers for Abaxx’s front month October United States Gulf of Mexico (GOM) contract started soon after launch and have come in on a daily basis since then, Chief Commercial Officer Joe Raia told NGI.
Raia said the early trades, which aren’t always common after launch, are partly thanks to the firms who helped Abaxx build the contracts. “…That’s really a testament to the product itself, the design of the product and our interaction with the trading community and the clearing firms too,” he added.
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