STARPRIME Expands Gold Offerings with AM/PM Fixing and Continuous Quote-Driven Trading

STARPRIME is expanding its gold offering to cater to two distinct market needs. The company will introduce AM/PM Fixing and XAU24/7, allowing clients to manage exposure around fixing prices and access continuous quote-driven gold trading.

The new offerings complement STARPRIME's existing gold suite, which includes Spot XAUUSD with contract variations for Top of Book and Order Depth, as well as XAU Futures. Jay Mawji, CEO of STARPRIME, stated that physical gold participants need efficient ways to value and hedge inventory, while another segment seeks continuous access.

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 subsequently convert orders into spot contracts.

XAU24/7 addresses the growing demand for quote-driven products beyond conventional market hours. The product provides around-the-clock gold trading while operating as a distinct instrument with its own pricing environment and contract specifications.