Bullion
Our brokerage partners provide both OTC and exchange traded (Comex / Nymex) services in gold, silver, platinum and palladium. These services include spot, forwards and options. Members of the London bullion market typically trade with each other and with their clients on a principal-to-principal basis. All risks, including those of credit, are between the two parties to a transaction. This is known as an “Over the Counter” (OTC) market, as opposed to an exchange-traded environment.
Unlike a futures exchange, where trading is based around standard contract units, settlement dates and delivery specifications, the OTC market allows flexibility. It also provides confidentiality, as transactions are conducted solely between the two principals involved.
Trading Unit - For gold, this is one fine troy ounce, and for silver, one troy ounce. In the case of gold, the unit represents pure gold irrespective of the purity of a particular bar, whereas for silver it represents one ounce of material of which a minimum of 999 parts in every 1,000 will be silver. For gold it must have a minimum fineness of 995.0 and a gold content of between 350 and 430 fine ounces with the bar weight expressed in multiples of 0.025 of an ounce.
If you are interested in lowering your bullion commissions, please email us with your name and telephone number and one of our consultants will be in touch with you within 24 hours to discuss the commission levels and cost savings that we can offer you.