Finalto introduces metals fixing for gold and silver
“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.”
In a significant move to bolster its financial product offerings, Finalto announced the introduction of metals fixing for gold and silver. The latest service addition underlines Finalto’s fervor for financial innovation and its commitment to offering versatile solutions to its clients.
Effective immediately, the metals fixing functionality is live and operational.
LBMA Gold Price based on real-time supply and demand dynamics
The procedure to establish the metals fixing price involves the participation of representatives from major banks, financial institutions, and other tier 1 liquidity providers. The group convenes to set the price based on real-time supply and demand dynamics. Fifteen direct participants contribute to verifying the LBMA Gold Price, making it a reliable benchmark for traders and stakeholders in gold and silver.
Administered independently by ICE Benchmark Administration (IBA), the LBMA Gold Price is offered to Finalto clients through liquidity providers. The gold fixing occurs twice daily at 10:30 am and 3:00 pm London time, while silver fixing takes place at noon. Although the duration to reach an agreed fixing price can fluctuate, Finalto aims to digitally deliver a fixed price for gold and silver within minutes.
The introduction of metals fixing offers several key benefits for Finalto’s clients:
Market Transparency: It provides a transparent reference price, bringing clarity to the gold and silver markets.
Risk Management: A standardized benchmark allows businesses to hedge their market exposures more accurately, serving as a bulwark against market volatility.
Strategic Opportunities: Traders can capitalize on the established price to devise trading strategies based on anticipated market movements.
Antony Parsons, Finalto’s Head of Liquidity, emphasized the company’s strategy. “Our goal has always been to be at the forefront of financial innovation, responding proactively to market dynamics and client demands,” Parsons said. He further articulated, “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.”
Finalto’s recent addition is a manifestation of its dedication to set the industry standard in financial services. Clients can expect the firm to continue evolving its services, reflecting the needs of its diverse customer base in the fast-paced financial markets.
This announcement confirms Finalto’s role as a versatile and innovative player in the financial industry, as it continues to offer a comprehensive suite of solutions aimed at market transparency, risk management, and strategic trading.
