ACX Group announces Linking of Singapore, Abu Dhabi Exchange

SINGAPORE, January 31, 2024 – ACX Group has announced the successful connection of AirCarbon Pte. Ltd.’s Singapore based trading platform (“ACX SG”), with the regulated environmental instruments exchange operated by ACX Ltd and ACX Clearing Corporation Ltd (“ACX Exchange”) in the Abu Dhabi Global Market (“ADGM”).

According to the group, this represents an important step in ACX Group’s strategy of connecting key global environmental instrument markets, as one consolidated liquidity pool operated under the regulated oversight of the ACX Exchange.

Mr. Thomas McMahon, co-CEO & co-Founder at ACX Group, expressed his enthusiasm about this significant milestone, stating, “By connecting ACX SG to the ACX Exchange, we are enhancing liquidity while fortifying investor protection. This synergy offers our clients the best of both worlds, and we are excited to bring these benefits to the trading community.”

The connection is likely to offer key benefits like enhanced liquidity, access to a global network and regulatory compliance for its clients.

The expanded number of market participants trading on ACX Exchange’s single order book will increase liquidity and therefore contribute to tighter spreads, more efficient price discovery and enhanced transparency.

ACX Group’s global network ensures that market participants can easily navigate multiple liquidity pools and instruments from a single interface, thus streamlining the trading process, decreasing operational costs and eliminating the need to onboard with multiple platforms.

ACX SG’s clients will benefit from the investor protection that results from ACX Exchange’s regulatory status, being a Recognised Investment Exchange and a Recognised Clearing House under the supervision of the Financial Services Regulatory Authority of ADGM. The regulatory framework ensures participants trade under a fair, robust and transparent environment, with access to carbon markets globally.