KUALA LUMPUR, Nov 12 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, announced that Abaxx Exchange will launch Gold Singapore futures priced in offshore Chinese yuan on Nov 16.
Abaxx To Launch Chinese Yuan-Denominated Singapore Gold Futures
Abaxx To Launch Chinese Yuan-Denominated Singapore
BE Bernama 
Key takeaways
Abaxx Exchange will launch Gold Singapore futures priced in Chinese yuan on Nov 16, linking yuan trading to existing dollar-denominated futures.
- The GKC contract allows trading of Singapore kilobar gold in offshore Chinese yuan.
- The launch aims to help companies manage gold inventory and price differences between Singapore and Hong Kong.
- Abaxx will also launch yuan-denominated liquefied natural gas futures on the same day.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Topics
Related reporting
5 stories on this topic from 5 sources, oldest first.
- Free Malaysia Today Bright light seen over Sabah caused by Chinese rocket launch, says space agency
- Bernama Abaxx To Launch Chinese Yuan-Denominated Singapore Gold Futures (this story)
