KUALA LUMPUR, Sept 28 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company announced that Abaxx Exchange’s Gold Singapore (GKS) futures contract has been named Best Innovation by an Exchange or Clearing House at the 2026 FOW Asia Pacific Awards.
Abaxx Exchange Chief Business Development Officer, Russell Robertson said the company launched GKS futures in June 2025 to support growing demand for regional price discovery for gold kilobars.
He added that the contract could support Singapore's development as a global precious metals hub and facilitate arbitrage across Asia.
According to Abaxx in a statement, the FOW Asia Pacific Awards recognise innovation and performance across the Asian derivatives industry, with winners selected by an independent panel of industry experts.
The judges said Abaxx had made progress in launching products aimed at contributing to the commodity market and creating more accurate regional benchmarks, particularly amid continued volatility in the sector.
The recognition follows Abaxx Exchange’s Newcomer of the Year award at the 2026 Energy Risk Awards in May.
Abaxx develops financial technologies and market infrastructure aimed at improving trading and transactions. It is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
