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There it is folks! The first ever trade in the history of futures exchanges of a non China, USD Denominated physical lithium carbonate futures market! Congrats to our great team and our partners for all the hard work
search.app/PtzhmLTCQqnqA1dL9
But ‘Brent’ doesn’t deliver @chigrl - it’s just a pricing instrument. Today the blend is actually BFOE (Brent Forties Osseberg Ekofisk and actually WTI Midland!) and probably a few other pricing streams. Really not a benchmark anymore. Imagine pricing your LNG cargoes against this !?
There is very little/ no ‘Brent Crude’ in Brent anymore. Production is almost nil
Jeff Currie Calls Brent ‘Vibe Contract’ Out of Step With Energy
The world’s most important oil benchmark has become little more than a “vibe contract,” blunting its usefulness as a tool to manage price volatility, according to Wall Street veteran Jeff Currie.
“Everything associated with energy is going up but Brent,” Currie said Thursday in an interview on Bloomberg Television. “It is not connected to the real world anymore.”
As the global backdrop deteriorates, Brent’s disconnect from physical markets is creating “unpriceable risk,” Currie said, deterring hedgers from using the contract to protect themselves at a juncture when they need it most.
“Those futures markets are absolutely critical to the function of an industry in modern society,” Currie said. “You take away that pricing, you don’t get adequate investment, you don’t get adequate behavioral changes.” (Bloomberg)
JoeRaia retweeted
It’s the revenge of the old economy, 2026 edition.
That was one of my gambits when I joined David Szybunka at Canoe Financial's CEO Series in Banff to discuss why the next commodity supercycle could be more disruptive than the last.
I argued that the conditions for a sudden rotation from tech into the old economy are in place, which could be compounded by the breakdown of the post-war global order.
We're witnessing a structural shift driven by deglobalisation, electrification, but investors remain fixated on the asset-light economy.
The AI revolution may be here to stay, but what fuels AI? It’s bits and atoms. There is no asset-light economy without energy, metals and physical infrastructure.
Huge thanks to David for his phenomenal job as host, and for those who attended the talk.
JoeRaia retweeted
Russell Robertson, chief business development officer at @abaxx_exchange , highlighted the interest in critical minerals, particularly in lithium carbonate which is offered as an internationally delivered contract on Abaxx and is benchmarked in China on the Guangzhou Futures Exchange.
“While the China Securities Regulatory Commission is internalising products, the biggest challenge remains how to move dollars around and whether international participants want to use the RMB,” he said.
With the Middle East conflict, there has been continued disruption in price discovery for oil, energy and critical minerals.
“Coupled with rising commodity consumption, investors will buy at a price that’s relevant,” he said. “China has the opportunity to become a controller in price, especially given the change in commodity flow and pricing where buyers are looking more towards the East for price discovery.”
@abaxx_tech
fow.com/insights/china-shift…
JoeRaia retweeted
You can have that one, @annmarie.
It’s a vibe contract with the vibe set in Washington. The reason it’s a vibe contract is that ICE Brent never touches a wet barrel. Instead it converges to a futures contract on Dated Bent and is cash settled, making it a derivative on a derivative.
Whether Washington sold barrels is irrelevant, it is the undenied threat that matters here because it has become unpriceable risk that discourages market participants which has caused a sharp decline in open interest, creating this disconnect with reality.
As we discussed earlier, the impact goes beyond pricing. Futures markets exist to help participants hedge risk and guide them on investments. When those signals become distorted, hedging becomes harder, hedgers become hesitant and physical scarcity can worsen.
Washington may be focused on keeping the screen price down, but that doesn’t solve the physical shortage. It makes it worse in the end.
JoeRaia retweeted
This weekend, our family experienced an unimaginable tragedy. My brother-in-law, Fed, passed away unexpectedly, leaving behind my sister and their three amazing boys.
There are no words to describe the heartbreak of losing a husband, a partner, and a father so suddenly. In the midst of trying to process this devastating loss, my sister is now facing the overwhelming reality of navigating life as a solo parent and a single-income household, all while helping her boys cope with the loss of their dad.
No family should have to face this kind of heartbreak, and no one should have to worry about how they will manage financially while trying to put the pieces of their lives back together.
We are asking for your help in supporting my sister and her boys during this incredibly painful and uncertain time. Any donation, no matter the amount, will help ease some of the financial burden and allow them the time and space they need to grieve, heal, and begin navigating this new reality.
If you are unable to donate, sharing this fundraiser and keeping our family in your thoughts means more than you know.
Thank you for showing up for my sister and my nephews when they need it most. Our family is heartbroken, but we are so grateful for the love and support surrounding them during this unimaginable time.
gofundme.com/f/support-the-l…
JoeRaia retweeted
Held at The GIFT City Club, FINMAT Expo 2026 brought together leading exchanges, financial institutions, technology providers and industry professionals for a day of insightful discussions, meaningful connections and a showcase of the financial markets and technology ecosystem.
JoeRaia retweeted
Five years ago, we began bringing the industry here because we have always believed in GIFT City’s vision to become a leading international financial centre. This year, we took that journey a step further with our first-ever FINMAT Expo.
@abaxx_exchange will be representing in Mumbai 🇮🇳 in the second leg of our India roadshow after GIFT City.
I will be part of a panel with the world largest exchange, India’s biggest clearing broker, one of the world’s largest professional services firm and the regulator of GIFT city.
@abaxx_exchange is in the mix for the panel “GIFT City, Offshore Hubs and Global Markets - Competing for Indian Flow”
- How offshore centres including GIFT City, Singapore and Dubai are competing for Indian trading activity and liquidity
- The growing role of global exchanges in expanding India - linked products and market access
- Where India fits within the global derivatives ecosystem
- The challenges and opportunities of balancing onshore liquidity with international growth
- Whether India can retain trading activity domestically while expanding its global market presence
Register Now: Inkd.in/gzi7UHkw
@abaxx_exchange @abaxx_tech @abaxx_labs @abaxx_spot @JoshCrumb @JoeRaia5 @CMEGroup @PwC @IFSCA_Official
JoeRaia retweeted
A lot of opportunities, potential partnerships and clients in the Indian Market. Excellent demographics. @abaxx_exchange @ru55rob
@abaxx_exchange will be representing in Mumbai 🇮🇳 in the second leg of our India roadshow after GIFT City.
I will be part of a panel with the world largest exchange, India’s biggest clearing broker, one of the world’s largest professional services firm and the regulator of GIFT city.
@abaxx_exchange is in the mix for the panel “GIFT City, Offshore Hubs and Global Markets - Competing for Indian Flow”
- How offshore centres including GIFT City, Singapore and Dubai are competing for Indian trading activity and liquidity
- The growing role of global exchanges in expanding India - linked products and market access
- Where India fits within the global derivatives ecosystem
- The challenges and opportunities of balancing onshore liquidity with international growth
- Whether India can retain trading activity domestically while expanding its global market presence
Register Now: Inkd.in/gzi7UHkw
@abaxx_exchange @abaxx_tech @abaxx_labs @abaxx_spot @JoshCrumb @JoeRaia5 @CMEGroup @PwC @IFSCA_Official
JoeRaia retweeted
@abaxx_exchange will be representing in Mumbai 🇮🇳 in the second leg of our India roadshow after GIFT City.
I will be part of a panel with the world largest exchange, India’s biggest clearing broker, one of the world’s largest professional services firm and the regulator of GIFT city.
@abaxx_exchange is in the mix for the panel “GIFT City, Offshore Hubs and Global Markets - Competing for Indian Flow”
- How offshore centres including GIFT City, Singapore and Dubai are competing for Indian trading activity and liquidity
- The growing role of global exchanges in expanding India - linked products and market access
- Where India fits within the global derivatives ecosystem
- The challenges and opportunities of balancing onshore liquidity with international growth
- Whether India can retain trading activity domestically while expanding its global market presence
Register Now: Inkd.in/gzi7UHkw
@abaxx_exchange @abaxx_tech @abaxx_labs @abaxx_spot @JoshCrumb @JoeRaia5 @CMEGroup @PwC @IFSCA_Official
JoeRaia retweeted
@arjunglobal event today in Gujurat 🇮🇳 GIFT city was an amazing turn out with over 1100 registered people. The conference room, the halls and exhibition rooms were over flowing.
Newbies and Oldies, Great traders and market experts just shooting the breeze and sharing ideas on how to interact in commodities and financial markets. Tech solutions, derivative products, quant models and of course @abaxx_exchange
India trading community is buzzing
@JoshCrumb @JoeRaia5 @abaxx_tech @abaxx_spot @jaythadeshwar @HanumanDassGD
JoeRaia retweeted
Abaxx Exchange Reports Record Quarterly Trading Volume and Average Daily Open Interest
Q3 volume rose 71% to 1,522,286 contracts, ADV rose 61% to 23,420 contracts per day, and average daily OI rose 22% to 782 contracts compared with Q2.
Read Release
abaxx.exchange/newsroom/pres…
