ACX Group Strengthens Global Presence Through Connecting ACX Singapore To ACX's Abu Dhabi Exchange

ABU DHABI, UAE and SINGAPORE, Jan. 29, 2024 /PRNewswire/ -- ACX Group is pleased to announce the successful connection of AirCarbon Pte. Ltd.'s Singapore based trading platform ("ACX SG"), with the regulated environmental instruments exchange operated by ACX Ltd and ACX Clearing Corporation Ltd ("ACX Exchange") in the Abu Dhabi Global Market ("ADGM"). This exciting 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 regulated oversight of the ACX Exchange.

Key benefits of ACX SG's connection to the ACX Exchange are:

Enhanced Liquidity: The expanded number of market participants trading on ACX Exchange's single order book will increase liquidity and therefore contribute to tighter spreads, more efficient price discovery and enhanced transparency.
Global Network: ACX Group's global network ensures that market participants can easily navigate multiple liquidity pools and instruments from a single interface, thus streamlining the trading process, decreasing operational costs and eliminating the need to onboard with multiple platforms.
Regulatory Compliance: ACX SG's clients will 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. The regulatory framework ensures participants trade under a fair, robust and transparent environment, with access to carbon markets globally.

Mr. Thomas McMahon, co-CEO & co-Founder at ACX Group, expressed his enthusiasm about this significant milestone, stating, "By connecting ACX SG to the ACX Exchange, we are enhancing liquidity while fortifying investor protection. This synergy offers our clients the best of both worlds, and we are excited to bring these benefits to the trading community."

ACX Group invites traders, investors, and market participants to experience the benefits of its platform first-hand and be part of this exciting journey towards a more connected and regulated trading environment.

About the ACX Group:

ACX Group, including the regulated ACX Exchange (operated by ACX Ltd and ACX Clearing Corporation Ltd) and the Singapore based AirCarbon Pte. Ltd., provides corporates, financial entities, carbon project developers and other market participants, with an efficient and transparent means of trading environmental instruments. Through leveraging distributed ledger technology, ACX provides a seamless and user-friendly platform, with the lowest transaction fees in the market, to facilitate growth of environmental instrument markets and contribute to the necessary transition to a net zero global economy.

ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), further enhancing its commitment to sustainability and responsible trading practices for carbon and other environmental products. ACX Group has garnered international recognition as the Best Carbon Exchange globally in Environmental Finance's esteemed Voluntary Carbon Market Rankings for three consecutive years (2021, 2022, 2023), solidifying its position as a leader in the industry.

For more information, please contact info@acx.net or visit www.acx.net.

SOURCE ACX (AirCarbon Exchange)

First published on Tue, Jan 30, 2024

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs' site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

ACX Group AirCarbon Pte. Ltd. Financial Services Financial Entities Carbon Project Developers

Join The Discussion

Financial Technology