STARPRIME Expands Gold Offering with AM/PM Fixing and XAU24/7
STARPRIME, an institutional CFD liquidity provider and market maker, has expanded its gold offering to cater to diverging demand in the gold market. The company is introducing AM/PM Fixing and XAU24/7, two distinct ways for market participants to manage and access gold exposure.
According to Jay Mawji, CEO of STARPRIME, physical gold participants need efficient ways to value and hedge inventory, while others seek continuous, quote-driven access. The company's new offerings address these different requirements by providing liquidity solutions tailored to each client's needs.
AM/PM Fixing is designed for physical hedgers and other market participants managing exposure around fixing prices. Clients will be able to trade fixing contracts directly with the STARPRIME Trading Desk, with orders subsequently converted into spot contracts.
XAU24/7 addresses a growing demand for quote-driven assets available 24/7. This product provides a continuous gold price, allowing clients to manage their positions and access liquidity outside traditional market hours.