Bullion Capital has signed a deal with Hong Kong incorporated Swiss company Finemetal Asia to boost the profile of its liquidity providers. Finemetal AG was established in Zurich in 2009, and is trading exclusively in the physical precious metals of gold, silver, platinum and palladium.
The unique offering of electronic trading of physical precious metals which Bullion Capital delivers to the market is gaining substantial interest from the industry. The partnership of Bullion Capital with Finemetal Asia comes after the exchange signed about 50 new agreements with institutional clients, liquidity providers and Members.
The exchange signed about 50 new agreements with institutional clients, liquidity providers and Members
Finemetal Asia is an established name in the Asian market which comes with a solid reputation. The Swiss based parent company Finemetal AG and Finemetal Asia have special agreements for THE distribution of precious metal products of one of the world’s largest processors, Argor Heraeus.
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Finemetal Asia CEO, Padraig Seif, commented on the announcement, “We are excited at the new proposition Bullion Capital brings to the industry. Having established ourselves as the specialist liquidity provider of choice in Asia, we look forward to further expansion through this new innovative marketplace, which we anticipate to be a new era for the precious metals industry.”
We anticipate electronic trading to be a new era for the precious metals industry
“Bullion Capital has entered the precious metals industry with a mission to modernize the trade of physical precious metals and increase its efficiency through the development of a global electronic marketplace,” added the CEO of Bullion Capital, Thomas Coughlin.
Demand for gold in Asia has grown from 47% to 60% over the past five years. Bullion Capital’s collaboration with one of the region’s biggest and most reputable liquidity providers is likely to contribute more business for the exchange going forward.