October trading volume reached a monthly high of 787,896 contracts, led by a resurgence in trading of Gold Singapore futures, which traded 598,779 contracts, 10% above its previous monthly high in July.
October marked a strong start to the fourth quarter, with average daily volume (ADV) reaching 35,813 contracts, 53% above the third-quarter average of 23,420.
For the six months ended October 31, trading volume reached 2,943,439 contracts, up from 556,437 in the preceding six months, while average daily open interest more than doubled.
TORONTO, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today reported October trading volume of 787,896 contracts on Abaxx Exchange, surpassing the previous monthly high of 785,129 contracts in July.
Abaxx Exchange ADV by month
Total trading volume rose 119% from September, led by Gold Singapore futures
Gold Singapore (GKS) futures traded 598,779 contracts in October, up 238% from September and 10% above the previous monthly high of 543,100 contracts in July.
Compared with September, Silver Singapore (SSP) futures volume increased 18% to 142,068 contracts, CORSIA Phase 1 (CP1) futures volume increased 12% to 3,090 contracts, and Lithium Carbonate Singapore (LCS) futures volume increased 2% to 6,127 contracts. Combined LNG volumes fell 28% from September’s record high to 37,782.
Across all products, average daily open interest rose to 739 contracts in October from 412 in September.
While the percentage of volume in outright trades fell to 13% in October from 22% in September, the total volume in outright trades rose to a new monthly high of 99,886 contracts, up from 78,811 contracts in September.
Abaxx Exchange average daily volume, by quarter from Q3 2025 to Q3 2026 and for the month of October 2026
Six-month ADV rose to 23,176 contracts per day from 4,524 in the preceding six months
Because monthly activity levels can fluctuate considerably in new and growing markets, the Company continues to guide investors to assess trading activity growth over a longer horizon, such as six months. From May through October 2026, trading volume totaled 2,943,439 contracts, compared with 556,437 from November 2025 through April 2026. Across the same periods, average daily open interest more than doubled, from 385 to 809 contracts. On a year-over-year basis, ADV rose from 1,446 contracts per day in October 2025 to 35,813 in October 2026.
“It's been another record month. We'll have stronger months and weaker months, but the liquidity we have developed continues to attract global commercial trading firms,” said Joe Raia, President of Abaxx Exchange, “I’ve seen and done this before. Every month that we create the conditions for commercials to trade, we’ll see more engagement, more onboarding, and ultimately more commercial trading.”
About Abaxx TechnologiesAbaxx Technologies Inc. is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder and creator of Abaxx Labs and the SmarterMarkets™ podcast.
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “propose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, statements regarding Abaxx’s objectives and future plans, trading volume on Abaxx Exchange and the increased participation of market participants on Abaxx Exchange. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Factors that could cause actual results to differ materially include, among others: risks relating to the global economic climate; the risk that trading volume, average daily volume, and open interest on Abaxx Exchange may not continue to grow, or may decline, if the liquidity-related credits provided under Abaxx’s market maker and liquidity provider programs are reduced, discontinued, or otherwise changed, or if market participants who currently trade on Abaxx Exchange in connection with such programs do not continue to trade, or do not increase their trading activity, independently of such programs; failure or delays related to the onboarding of clearing members; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of intellectual property and proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; the failure of energy, commodity markets and collateral use cases to develop according to the expectations of Abaxx; risks related to operations in foreign jurisdictions; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third-party software license risk; system failure risk; risk of technological change; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; volatile securities markets impacting security pricing unrelated to operating performance; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. In addition, particular assumptions which could impact future results of the business of Abaxx include, but are not limited to, Abaxx’s assumption that: market conditions will be supportive and participant demand will be sustained; trading volume and liquidity on Abaxx Exchange will continue to develop over time, independently of its market maker and liquidity provider programs; additional clearing members will complete onboarding and begin clearing activities according to Abaxx’s expectations; Abaxx will be able to execute its business plan and growth strategy; Abaxx will retain or successfully replace its key personnel; Abaxx will protect its intellectual property rights; energy and commodity markets will continue to develop according to Abaxx’s expectations; collateral use cases for Abaxx’s products will develop in line with Abaxx’s expectations; the demand for centrally cleared, physically deliverable futures and derivatives will grow as anticipated; regulatory approvals required for Abaxx’s products and operations will remain in good standing or will be obtained as required; applicable laws and regulations will not change in a way that adversely affects Abaxx’s business, and that its technology, systems and infrastructure will operate as intended without significant failure, security breach or disruption; third-party service providers, clearing and settlement partners and other service providers will continue to perform their obligations and act according to Abaxx’s expectations; general economic and capital market conditions, commodity prices, currency exchange rates and the supply chain environment will not deteriorate in a way that materially affects Abaxx or its participants, and that Abaxx’s competitive environment will not change materially. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors, risks and assumptions is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that any of the measures described in this release will be effective or will increase liquidity, participation or commercial adoption, or that such assumptions will reflect the actual outcome of such items or factors. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking statements and information contained in this press release represent the expectations of Abaxx as of the date of this press release and, accordingly, are subject to change after such date. Abaxx undertakes no obligation to update or revise any forward- looking statements and information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Neither the Toronto Stock Exchange nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.
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