STARPRIME Expands Gold Offering with AM/PM Fixing and XAU24/7

STARPRIME has expanded its gold offering to address the diverging demands of market participants. The company is introducing two new products: AM/PM Fixing and XAU24/7, which cater to different needs in managing and accessing gold exposure.

The introduction of these products follows STARPRIME's existing gold suite, including Spot XAUUSD with contract variations for Top of Book and Order Depth, as well as XAU Futures. By adding AM/PM Fixing and XAU24/7, STARPRIME aims to provide liquidity solutions that evolve around the specific requirements of each market segment.

Jay Mawji, CEO of STARPRIME, emphasized that 'physical gold participants increasingly need efficient ways to value and hedge inventory, while another segment is seeking continuous, quote-driven access. These are very different requirements.'

AM/PM Fixing allows physical hedgers and other market participants to trade fixing contracts directly with the STARPRIME Trading Desk, converting orders into spot contracts to offset fixing-related exposure. This reduces margin requirements associated with maintaining separate exposures.

XAU24/7, on the other hand, addresses rising demand for quote-driven assets available around the clock. It provides a distinct instrument offering continuous gold access, creating pricing outside traditional reference-market hours and potentially differing market conditions when conventional reference markets are closed.