Commodities startup Abaxx raises cash


The Canadian company said it’s on the cusp of opening a new exchange and clearinghouse based in Singapor. — Bloomberg

NEW YORK: Abaxx Technologies Inc, a financial technology startup founded by a former Goldman Sachs Group Inc commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures.

The Canadian company, which said it’s on the cusp of opening a new exchange and clearinghouse based in Singapore, will use the money to fund operations and growth.

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