ACX Centralises its Clearing in Singapore to Optimise Carbon Trading Flexibility and Efficiency with Market Board 2.0 Enhancement

Abu Dhabi, Singapore, October 11, 2024 –

As part of ACX’s ongoing commitment to better serve its clients and adapt to evolving market needs, ACX is centralising its clearing function in Singapore. This strategic move will allow for streamlined processes and optimised service delivery for its clients, and will provide ACX greater flexibility in responding to market dynamics and client needs.

This centralisation in Singapore will result in the winding down of the Group’s regulated exchange and clearing operations in ADGM.  We will however maintain our technology centre and regional marketing team in Abu Dhabi. ADGM has been instrumental in supporting our business through various initiatives and access, empowering us to thrive and continue growing with our existing teams.

Introducing Market Board 2.0 to Enhance Trading Efficiency
In conjunction with this strategic move, ACX is launching Market Board 2.0. Phase 1 of the rollout will provide essential features to improve trading efficiency and transparency from the outset, focusing on streamlined bid and offer capabilities and basic matching functions. Phase 2 will add a full suite of advanced features such as integrated Request for Quotation (RFQ) functionalities, enhanced user experience (UX), and comprehensive clearing and settlement capabilities. These enhancements are designed to further optimise market operations, promote cost efficiency and support a more dynamic trading environment.

Market Board 2.0 aligns with ACX’s broader strategy to support market liquidity through its Software-as-a-Service (SaaS) offering, enabling dynamic and fluid market participation.

Expanding SaaS Trading Solutions for Global Market Access
In addition, this will enhance ACX’s global unified order book connectivity which is a key feature of its SaaS trading solution. This configurable platform is tailored to the specific branding and operational needs of each client, offering comprehensive front, middle, and back-office solutions. The platform enables rapid market entry, ongoing adaptability, and streamlined expansion, reducing development costs and accelerating time-to-market for clients.

Following the successful deployment of its SaaS solution for the Indonesia Carbon Exchange (IDX) last year and its partnership with B3 S.A. – Brasil, Bolsa, Balcão to establish a carbon trading platform in Brazil, ACX continues to lead in providing scalable, cutting-edge solutions that cater to the diverse needs of environmental markets.

Commitment to Innovation and Market Leadership
ACX’s central clearing function in Singapore, coupled with the launch of Market Board 2.0 and expanded SaaS offerings, demonstrates ACX’s ongoing dedication to innovation. These strategic moves are pivotal in providing robust, scalable solutions to meet the evolving demands of the climate finance ecosystem. We thank our clients and partners for their continued trust and support as we continue to innovate and adapt to meet the demands of a more sustainable and efficient future in environmental markets.

About ACX Group

ACX (AirCarbon Exchange) Group is an award-winning environmental product exchange and technology group. It serves corporates, financial traders, carbon project developers, and other industry stakeholders, offering an efficient, transparent, and cost-effective trading platform that leverages distributed ledger technology to foster the growth of environmental product markets in line with global Net Zero goals.

ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), reinforcing its commitment to sustainable and responsible carbon and environmental product trading. It has been recognised as the Best Global Carbon Exchange by Environmental Finance’s prestigious Voluntary Carbon Market Rankings for four consecutive years (2021, 2022, 2023, 2024), establishing itself as an industry leader.

For more information, please contact [email protected] or visit www.acx.net

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ACX:
Serene Lim-Allison           
Email: [email protected]