Abaxx Technologies, a financial software and market infrastructure company, majority shareholder of Abaxx Singapore, the owner of Abaxx Commodity Exchange and Clearinghouse, on Wednesday reported August 2026 trading results, including new monthly volume highs in Gulf of Mexico (GOM) and North Pacific Asia (NPA) LNG futures.
GOM futures volume increased 25 percent to 24,971 contracts and NPA futures volume increased 23 percent to 24,898 contracts, bringing aggregate LNG futures volume to 49,869 contracts, up 24 percent from July.
Abaxx’s three LNG benchmarks, introduced in June 2024, were designed to close structural gaps in market design and support participants managing delivered cargo exposure and regional pricing risk.
All contracts are USD-denominated, 10,000 MMBtu futures, with the GOM Futures contract listed on an FOB basis while the NPA and NWE contracts are listed on a DAP basis across their respective delivery regions.
377,949 contracts
Total Abaxx Exchange volume declined from July to 377,949 contracts in August, with ADV of 18,897 contracts per day.
The decrease was led by Gold Singapore (GKS) futures, which traded 174,681 contracts in August following a record 543,100 contracts in July, marking the contract’s fifth consecutive month with monthly volume above 170,000 contracts.
Consistent with prior guidance, the company expects trading activity to vary from month to month as its markets develop.
The company believes that the reported August activity reflects normal variability, including lower summer trading activity, which continued into September with the Singapore School Holiday week, and the effects of adjustments – but not reductions – to liquidity provider programs as part of Abaxx Exchange’s continual efforts to create the conditions needed for broader commercial participation in its markets.
Measured over six-month periods, trading volume and ADV for the six months ended August 31 were more than 10 times those of the preceding six months, while average daily open interest more than doubled. Volume increased from 204,767 to 2,209,610 contracts; ADV from 1,638 to 17,537 contracts per day; and average daily open interest from 353 to 782.
August trading reflected improving liquidity conditions
Beyond headline volume and open interest, the results of the company’s efforts to create the conditions for broader commercial participation, including by making adjustments to its liquidity provider programs, can be seen in improving trading composition and liquidity conditions.
Trading activity continued to broaden in August, with outright trades — transactions in a single futures contract rather than a spread between contract months — accounting for 15.82 percent of total volume.
This brought the Q3-to-date outright share to 7.19 percent, compared with 3.53 percent in Q2.
Gold Singapore (GKS) and Silver Singapore (SSP) futures recorded outright shares of 13.26 percent and 18.65 percent of August volume, respectively.
Increased activity in individual contract months contributes directly to price formation and ultimately supports the continued development of forward-curve liquidity across Abaxx Exchange’s markets.
Liquidity conditions also improved in August, with increased order-book depth in addition to narrower bid–ask spreads in multiple active contract months.
(This sponsored article was written by Abaxx Technologies.)