ABX unveils world’s first institutional precious metals exchange

Published at Feb 11, 2016, in Features

The world’s first global electronic exchange for allocated physical precious metals launched yesterday.

The Allocated Bullion Exchange (ABX) will cater for institutional bullion traders, providing market participants with integrated, transparent, and secure access to global liquidity pools. The ABX commences operations by offering Gold, Silver and Platinum services, with additional trading instruments added at a later stage, subject to client demand.

According to the ABX, its newly launched platform offers “a modern, revolutionary solution to the precious metals industry by migrating the institutional trade and storage of physical precious metals into the electronic environment and significantly reducing the barriers for entry to the wholesale physical bullion market”.

Through its unique proprietary and online trading platform ‘MetalDesk’, ABX provides instant electronic global trading, price discovery, and clearing facilities to market participants worldwide, including all physical industry participants, wealth managers, brokerage platforms and investors.

Market analysts expect the ABX will enhance price transparency, access and efficiency for precious metals producers, traders and investors globally. By incorporating the entire precious metals trading and investment process into one holistic process, ABX aims to create a mutually beneficial online environment for bullion market participants.

The ABX allows bullion transactions to be centrally cleared, transparent market activity and cost-effective allocated exchange system where clients are able to trade, deliver or store physical precious metal in 11 locations around the globe.

If ABX is able to generate sufficient trading volumes, the new bullion exchange could significantly disrupt existing methods of physical bullion trading, which are slow, inefficient, inaccessible and lack transparency, resulting in high costs and creating a disincentive for precious metals producers, traders and investors.

According to ABX CEO Tom Coughlin, the ABX has “several major industry players already signed up to join the marketplace” while the ABX goes ahead with its soft launch.

“The soft launch of the ABX is the culmination of many years of hard work and planning in developing a modern, transparent and efficient solution for the trading of allocated physical precious metals” he added.

tom coughlin CEO ABX

Tom Coughlin, CEO at Allocated Bullion Exchange and Bullion Capital

“Our team has been working on this vision for more than five years now, so I am extremely proud to finally be introducing the exchange to the precious metals industry. At a time of high volatility in global markets and resurgent interest in precious metals, the launch of ABX is expanding access, enhancing efficiency and raising transparency in a market that historically has been opaque.”

ABX will be operating as membership-based exchange primarily for institutions, offering value to a wide range of market participants including precious metal producers, refiners, intermediary broker-dealers, asset managers, institutional and private investors, manufacturers and jewellers.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!