The pioneers in providing physical gold trading within an electric exchange platform, Bullion Capital has unveiled the latest broker partnership the company signed. Boutique brokerage VitalMarkets will become a member of the exchange, increasing the number of companies already using the MetalDesk platform to almost 70.
VitalMarkets is a boutique prime broker house which targets professional investors and institutional clients. Clients who are interested in diversifying their portfolios with a unique offering will be able to get access to the physical gold market in possibly the most transparent way in the industry – through an electronic exchange.
With the introduction of this new partnership, Bullion Capital also highlights a very important addition to its offering. The electronic Vault Warrants (eVWs) which are tradable on the MetalDesk platform may be used by customers as collateral with their broker and use their vaulted physical gold for margin trading.
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Bullion Capital’s CEO Tom Coughlin said in the announcement, “We offer brokers a comprehensive downstream solution which they can then offer to their own clients alongside their existing range of products and services.”
“VitalMarkets have recognized that trading allocated physical bullion as part of a long-term investment plan has proven to be an excellent strategy for serious investors which opens up a whole new world of wealth management opportunities,” he added.
The CEO of VitalMarkets, César Barriga Leiceaga, added, “Our belief in achieving financial diversity and entrepreneurship by establishing strong alliances with innovative and market-leading entities such as Bullion Capital defines our very strategy for success and the basis upon which this business relationship has been formed”.