STARPRIME Expands Gold Offering with AM/PM Fixing and XAU24/7
STARPRIME is expanding its gold offering to cater to two distinct market needs. The company will introduce AM/PM Fixing, designed for physical hedgers and other market participants managing exposure around fixing prices. This product allows clients to trade fixing contracts directly with the STARPRIME Trading Desk, converting orders into spot contracts.
The second new offering is XAU24/7, a quote-driven gold product available 24/7. Unlike traditional reference markets, pricing for this product can be created outside of conventional hours. This reflects the growing demand for continuous access to assets, influenced by crypto markets and evolving expectations.
According to Jay Mawji, CEO of STARPRIME, 'physical gold participants increasingly need efficient ways to value and hedge inventory, while another segment is seeking continuous, quote-driven access.' The company aims to provide liquidity solutions that adapt to these different requirements.