Leading multi-asset trading terminal, Vertex FX has launched an online trading solution for global bullion investing to cater for the growing number of physical precious metals investors.
The global technology provider has launched a new functionality that enables gold dealers to offer bullion to investors through its simple and easy to use Vertex FX trading platform with real-time pricing, flexible delivery conditions and round the clock trading.
The new capabilities have been included in the latest update (10.5), which has a number of other new platform enhancements. The online bullion feature is a custom made add-on that comes as standard for all brokers that offer the Vertex FX platform.
Akram Majed, CEO of Hybrid Solutions said: "We recognised the need for bullion trading; the current investment landscape has evolved significantly since 2008 and increased demand from our clients, particularly in growth markets like Hong Kong and Dubai."
Gold has been one of the most volatile investment products especially post-2008 as investors flocked to this safe haven during the global recession and pushed the instrument to record highs. Although it has come-off demand, it is still ripe with China and India increasing consumption year on year.
Derivatives dealers are increasingly diversifying their product streams with physical offerings and can now take advantage of the new functionality, which has simple settings and configuration in the back-end of the software. Similarly, investors that intend to purchase bullion through the award winning platform can set their price and delivery parameters through the terminal with one-click trading.
Mr Majed believes that investors in Europe are keen to enter bullion investing however lack the necessary tools and access to the product. Data from the world gold council shows that consumption is up in Asia and in markets such as the UK there is up to £4 billion in physical metals investment. My Majed added: "VertexFX offers users the ability to make informed investment decisions through the platform in real time thus locking the price they want to deal at."