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

STARPRIME is expanding its gold offering by introducing two new products: AM/PM Fixing and XAU24/7. These additions aim to address different market needs, giving clients more flexibility in managing and accessing gold exposure.

The company's CEO, Jay Mawji, explained that physical gold participants need efficient ways to value and hedge inventory, while another segment seeks continuous, quote-driven access. STARPRIME is catering to both requirements with its new offerings.

AM/PM Fixing is designed for physical hedgers and other market participants managing exposure around fixing prices. Clients can trade fixing contracts directly with the STARPRIME Trading Desk, which will then convert orders into spot contracts. This approach allows fixing-related exposure to be offset against other positions and may reduce margin requirements.

XAU24/7 addresses a growing demand for quote-driven assets available 24/7. Designed around this shift, XAU24/7 provides a quote-driven gold product that can be accessed at any time. However, it should be considered a distinct instrument rather than an extension of Spot XAUUSD trading hours.

The introduction of both offerings reflects STARPRIME's broader approach to liquidity, recognizing that different market participants require different structures, pricing methodologies, and execution solutions.