GBE Prime Enters 24/7 Gold Trading Market

GBE Prime has expanded its services to include 24/7 gold trading for professional clients, starting on Wednesday. The new service is available through FIX API connectivity and runs on GBE's distributed data center infrastructure.

The company aims to provide greater flexibility in accessing gold markets, with Executive Director Mahmoud Haj Mohamad saying 'Our clients require greater flexibility in accessing Gold.'

This move joins other wholesale providers that offer 24/7 gold trading, including Scope and Match-Prime. Retail platforms have also introduced similar services, such as Vantage's XAUUSD247 and VT Markets' same-named product.

The key detail missing from GBE Prime's announcement is how it will handle pricing during weekend hours, which could impact spreads and hedging costs.