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March 2, 2024
PI Global Investments
Precious Metals

Finalto Expands Offering to Include Precious Metals Fixing


Finalto, is excited to announce the introduction of metals fixing, specifically for gold and silver, to its already comprehensive suite of financial solutions. This addition underscores the group’s dedication to industry-leading financial innovation and an unwavering commitment to delivering flexibility to its clients. This functionality is live and can be utilised today.

The process involves representatives from major banks, financial institutions and other tier 1 liquidity providers who gather to determine the price based on supply and demand dynamics. There are fifteen direct participants who contribute to verifying the LBMA Gold Price making it a reliable resource for those dealing in gold and silver. This benchmarking system ensures that a standard price is set for market participants, bringing transparency, stability, and confidence those trading these commodities.

The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA) and then offered directly to Finalto clients through our LPs. The fixes for gold start at 10:30am and 3:00pm London time; with the silver fix beginning at 12pm noon. Although the length of time taken to reach an agreed fixing price can vary, Finalto will typically be able to pass on a fixed price for Gold and Silver for the trading period digitally within minutes.

The decision to add metals fixing to the Finalto offering is one that keeps the needs of various market participants in mind. Metals fixing is a vital service for a wide range of stakeholders. Bullion banks, jewellers & precious metal manufacturers, and traders; who can use metals fixing as a strategic tool in portfolio diversification, hedging and other trading strategies.

The inclusion of metals fixing presents multiple benefits for Finalto clients:

· Market Transparency: Metals fixing provides a clear reference price for traders, ensuring clarity in the market.

· Risk Management: With a standardised benchmark, businesses can more accurately hedge their exposures, safeguarding against market volatilities.

· Opportunities for Traders: An established price offers traders opportunities to devise strategies based on the anticipated movements from the fixed price.

Finalto’s Head of Liquidity, Antony Parsons

Finalto’s Head of Liquidity, Antony Parsons reinforces, “Our goal has always been to be at the forefront of financial innovation, responding proactively to market dynamics and client demands”. He went on to state, “The inclusion of precious metals fixing is a prime example of our commitment to deliver not just solutions, but industry-leading, flexible solutions that empower a diverse range of clients to thrive within a single ecosystem.”

This addition is a testament to Finalto’s dedication to lead the way for best practice in the financial services industry. In the future clients can expect Finalto to continue to introduce and adapt services that cater to the evolving needs of its diverse clientele.

If you would like to know more about how Finalto’s services can benefit you or your institution, please contact their sales team.

Finalto, is excited to announce the introduction of metals fixing, specifically for gold and silver, to its already comprehensive suite of financial solutions. This addition underscores the group’s dedication to industry-leading financial innovation and an unwavering commitment to delivering flexibility to its clients. This functionality is live and can be utilised today.

The process involves representatives from major banks, financial institutions and other tier 1 liquidity providers who gather to determine the price based on supply and demand dynamics. There are fifteen direct participants who contribute to verifying the LBMA Gold Price making it a reliable resource for those dealing in gold and silver. This benchmarking system ensures that a standard price is set for market participants, bringing transparency, stability, and confidence those trading these commodities.

The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA) and then offered directly to Finalto clients through our LPs. The fixes for gold start at 10:30am and 3:00pm London time; with the silver fix beginning at 12pm noon. Although the length of time taken to reach an agreed fixing price can vary, Finalto will typically be able to pass on a fixed price for Gold and Silver for the trading period digitally within minutes.

The decision to add metals fixing to the Finalto offering is one that keeps the needs of various market participants in mind. Metals fixing is a vital service for a wide range of stakeholders. Bullion banks, jewellers & precious metal manufacturers, and traders; who can use metals fixing as a strategic tool in portfolio diversification, hedging and other trading strategies.

The inclusion of metals fixing presents multiple benefits for Finalto clients:

· Market Transparency: Metals fixing provides a clear reference price for traders, ensuring clarity in the market.

· Risk Management: With a standardised benchmark, businesses can more accurately hedge their exposures, safeguarding against market volatilities.

· Opportunities for Traders: An established price offers traders opportunities to devise strategies based on the anticipated movements from the fixed price.

Finalto’s Head of Liquidity, Antony Parsons

Finalto’s Head of Liquidity, Antony Parsons reinforces, “Our goal has always been to be at the forefront of financial innovation, responding proactively to market dynamics and client demands”. He went on to state, “The inclusion of precious metals fixing is a prime example of our commitment to deliver not just solutions, but industry-leading, flexible solutions that empower a diverse range of clients to thrive within a single ecosystem.”

This addition is a testament to Finalto’s dedication to lead the way for best practice in the financial services industry. In the future clients can expect Finalto to continue to introduce and adapt services that cater to the evolving needs of its diverse clientele.

If you would like to know more about how Finalto’s services can benefit you or your institution, please contact their sales team.



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