Abaxx Exchange said it will launch Silver Singapore futures on May 22, a U.S. dollar-denominated, physically deliverable silver contract cleared through Singapore.
Abaxx Exchange said on May 18 that it will launch Silver Singapore futures on May 22, adding a new physically deliverable silver contract to its precious-metals lineup in Singapore.
The exchange said the contract will be U.S. dollar-denominated, sized at 1,000 troy ounces and set to 0.9999 fineness. It will be physically delivered in Singapore.
Abaxx also posted circulars on May 18 covering listing, fees and margin parameters for the contract, indicating the operational setup is already in place ahead of the launch date.
The exchange said the product is aimed at industrial silver users and is designed to support price discovery and hedging.
The launch expands Abaxx's precious-metals offering as it seeks to build out trading and risk-management tools in Singapore.
The company has not indicated any change to the scheduled May 22 start date. Early trading activity and volumes will be a key point to watch after launch.
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