Allocated Bullion Exchange (ABX) Officially Soft-Launched

The Allocated Bullion Exchange (ABX) has finally launched today as the world’s first global institutional electronic exchange for allocated physical precious metals. ABX sees itself as a disruptor to the existing methods of physical bullion trading, which it describes as "slow, inefficient, inaccessible and lack[ing] transparency, resulting in high costs and creating a disincentive for precious metals producers, traders and investors."

Until now, the exchange was housed under Bullion Capital which has acted as ABX's pre-launch test platform. Its proprietary online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term MetalDesk provides instant electronic trading, price discovery, and clearing facilities to market participants worldwide.

ABX's aim is to modernize the precious metals markets by connecting with major global Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term centers including Sydney, London, New York, Singapore, Hong Kong, Shanghai (Free Trade Zone), Bangkok, Zurich, Istanbul and Dubai.

ABX CEO Tom Coughlin said: “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. The ABX platform is a cutting edge offering to the precious metals industry and several major industry players are already signed up to join the marketplace. Our soft launch will allow current and pre-onboarded ABX members to announce to their client base the commercialization of ABX and the availability of products and services via the exchange.

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.”