ABX announces the launch of the Allocated Bullion Exchange (ABX)
ABX announces the launch of the Allocated Bullion Exchange (ABX), the world’s first electronic institutional exchange for allocated physical precious metals. The ABX launch sequence commences with the soft launch today and the hard launch in Q3 of this year.
Modernising, globalising and integrating the precious metal market, the ABX is redefining the way physical bullion is traded.
The ABX essentially removes barriers to entry to the wholesale physical bullion market, providing access to highly efficient local markets but also global liquidity pools; it brings forth a future where all market participants across the world can easily ‘plug in’ to the exchange and electronically access a physical bullion platform run by true market dynamics.
One of the most distinguishing elements of the ABX is the fact that it offers a value proposition for all participants in the trade cycle including precious metal producers, refiners, intermediary broker-dealers, asset managers, institutional and private investors, manufacturers and jewellers. A massive structural reform is on its way, one to please all market participants; ABX will be at its helm.
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