SmarterMarkets™ Gold for the 21st Century Episode 12 | Dan McElduff, Siddiq Farid, David Gornall, and Steve Lowe from Abaxx Exchange and Abaxx Spot
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Jun 21, 2025 In this engaging discussion, Dan McElduff, President of Abaxx Exchange, and Steve Lowe, Strategic Advisor for Precious Metals, share insights from the Asia-Pacific Precious Metals Conference. They unveil Abaxx’s groundbreaking gold infrastructure that promises to streamline trading with co-located spot and futures markets. The conversation covers Singapore's ambitions to become a gold trading hub, the importance of market liquidity, and the evolving dynamics of buyer-seller interactions in a changing landscape. Their vision for a collaborative future in gold trading shines through.
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New Gold Market Players Rise
- New regional players with growing capital are stepping in as market intermediaries, expanding liquidity and diversity.
- This new participant class changes dynamics from price takers to price makers in Asia.
Central Bank Role Missing in Asia
- The absence of a central bank gold holding in Asia limits local market liquidity and product development.
- Central bank involvement would catalyze repo markets, deposits, and increase overall trading activity.
ABEX Launch Reception
- ABEX launched physically deliverable gold Singapore futures days before the conference, gaining positive real-time market interest.
- Participants valued direct market access and transparency previously unavailable in the region.