Finalto Expands Offering to Include Precious Metals Fixing
by
FM
The inclusion of metals fixing presents multiple benefits for Finalto clients.
Finalto, is excited to announce the introduction of metals fixing, specifically for gold and silver, to its already comprehensive suite of financial solutions. This addition underscores the group’s dedication to industry-leading financial innovation and an unwavering commitment to delivering flexibility to its clients. This functionality is live and can be utilised today.
The process involves representatives from major banks, financial institutions and other tier 1 liquidity providers who gather to determine the price based on supply and demand dynamics. There are fifteen direct participants who contribute to verifying the LBMA Gold Price making it a reliable resource for those dealing in gold and silver. This benchmarking system ensures that a standard price is set for market participants, bringing transparency, stability, and confidence those trading these commodities.
The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA) and then offered directly to Finalto clients through our LPs. The fixes for gold start at 10:30am and 3:00pm London time; with the silver fix beginning at 12pm noon. Although the length of time taken to reach an agreed fixing price can vary, Finalto will typically be able to pass on a fixed price for Gold and Silver for the trading period digitally within minutes.
The decision to add metals fixing to the Finalto offering is one that keeps the needs of various market participants in mind. Metals fixing is a vital service for a wide range of stakeholders. Bullion banks, jewellers & precious metal manufacturers, and traders; who can use metals fixing as a strategic tool in portfolio diversification, hedging and other trading strategies.
The inclusion of metals fixing presents multiple benefits for Finalto clients:
· Market Transparency: Metals fixing provides a clear reference price for traders, ensuring clarity in the market.
· Risk Management: With a standardised benchmark, businesses can more accurately hedge their exposures, safeguarding against market volatilities.
· Opportunities for Traders: An established price offers traders opportunities to devise strategies based on the anticipated movements from the fixed price.
Finalto’s Head of Liquidity, Antony Parsons reinforces, "Our goal has always been to be at the forefront of financial innovation, responding proactively to market dynamics and client demands". He went on to state, "The inclusion of precious metals fixing is a prime example of our commitment to deliver not just solutions, but industry-leading, flexible solutions that empower a diverse range of clients to thrive within a single ecosystem."
This addition is a testament to Finalto’s dedication to lead the way for best practice in the financial services industry. In the future clients can expect Finalto to continue to introduce and adapt services that cater to the evolving needs of its diverse clientele.
If you would like to know more about how Finalto’s services can benefit you or your institution, please contact their sales team.
Finalto, is excited to announce the introduction of metals fixing, specifically for gold and silver, to its already comprehensive suite of financial solutions. This addition underscores the group’s dedication to industry-leading financial innovation and an unwavering commitment to delivering flexibility to its clients. This functionality is live and can be utilised today.
The process involves representatives from major banks, financial institutions and other tier 1 liquidity providers who gather to determine the price based on supply and demand dynamics. There are fifteen direct participants who contribute to verifying the LBMA Gold Price making it a reliable resource for those dealing in gold and silver. This benchmarking system ensures that a standard price is set for market participants, bringing transparency, stability, and confidence those trading these commodities.
The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA) and then offered directly to Finalto clients through our LPs. The fixes for gold start at 10:30am and 3:00pm London time; with the silver fix beginning at 12pm noon. Although the length of time taken to reach an agreed fixing price can vary, Finalto will typically be able to pass on a fixed price for Gold and Silver for the trading period digitally within minutes.
The decision to add metals fixing to the Finalto offering is one that keeps the needs of various market participants in mind. Metals fixing is a vital service for a wide range of stakeholders. Bullion banks, jewellers & precious metal manufacturers, and traders; who can use metals fixing as a strategic tool in portfolio diversification, hedging and other trading strategies.
The inclusion of metals fixing presents multiple benefits for Finalto clients:
· Market Transparency: Metals fixing provides a clear reference price for traders, ensuring clarity in the market.
· Risk Management: With a standardised benchmark, businesses can more accurately hedge their exposures, safeguarding against market volatilities.
· Opportunities for Traders: An established price offers traders opportunities to devise strategies based on the anticipated movements from the fixed price.
Finalto’s Head of Liquidity, Antony Parsons reinforces, "Our goal has always been to be at the forefront of financial innovation, responding proactively to market dynamics and client demands". He went on to state, "The inclusion of precious metals fixing is a prime example of our commitment to deliver not just solutions, but industry-leading, flexible solutions that empower a diverse range of clients to thrive within a single ecosystem."
This addition is a testament to Finalto’s dedication to lead the way for best practice in the financial services industry. In the future clients can expect Finalto to continue to introduce and adapt services that cater to the evolving needs of its diverse clientele.
If you would like to know more about how Finalto’s services can benefit you or your institution, please contact their sales team.
DailyForex Releases its 2024 Guide to Top Forex Platforms
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa