CA - Abaxx Technologies Starts Commodities Exchange Now Watch For Revenue And Earnings

2024-07-16 08:34:05 ET

Summary

• Abaxx Technologies Inc. has ambitious plans to operate a new commodities exchange with its own advanced software.
• The Abaxx Exchange began operations on June 28, 2024, with its focus on the transitional energy products LNG (Liquified Natural Gas), nickel sulphate, and carbon credits.
• Now, investors will wait and watch to find out if its technology is robust enough to generate revenue and earnings.

Investment thesis

Abaxx Technologies Inc. ( OTCQX:ABXXF ) has ambitious plans. It believes its software has the potential to operate a new and advanced commodities exchange. But, it is going beyond just software because it has subsidiaries that are setting up a new exchange and clearinghouse.

The Abaxx Exchange began operations on June 28, 2024 and investors are waiting to see if it can generate revenue, and how much, as well as produce a profit from that revenue. The firm is managed by a team with extensive experience in commodity markets, futures exchanges, and clearinghouse operations....

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