In Singapore, ADGM based ACX Ltd., part of the ACX Group, announced the start of live trading on its groundbreaking biofuels electronic physical trading platform, ACXBiofuels, as part of its Financial Services Regulatory Authority (FSRA) regulated Recognized Investment Exchange (RIE), allowing market participants to facilitate trading in biodiesel, Renewable Diesel (HVO), Sustainable Aviation Fuel (SAF) and some of its feedstocks like UCO (Used Cooking Oil) on a 24/5 basis.
This latest expansion is a major step forward in biofuels markets as it marks the first time that a regulated trading platform is available to trade 24/5 to support these markets. Introducing a trading platform for physical biofuels with innovative trading features, complements existing electronic windows where already over 3 million metric tonnes of biofuels are traded per year in Europe.
Tags: ACXBiofuels, SAF, Singapore
Category: Fuels
