Welcome to illuminati silver, we tell you the truth about silver
Today is Wednesday 10th February 2016 and we are just confirming the announcement of
the launch of the ABX today.
The concept of the Allocated Bullion Exchange began in Australia after it was identified
that investors were looking for a way to freely access the physical bullion market and have
the metals held in an allocated form outside of the banking system.
To facilitate the creation of a new electronic exchange for allocated physical bullion, two
companies were incorporated in Australia; Bullion Capital Ltd
Australian Bullion Exchange Ltd According to their formal Press Release,
“Allocated Bullion Exchange (ABX) has today launched as the world's first global institutional
electronic exchange for allocated physical precious metals, which will provide market
participants integrated, transparent, and secure access to local markets and global
liquidity pools.
ABX offers a modern, revolutionary solution to the precious metals industry by migrating
the institutional trade and storage of physical precious metals into the electronic environment
and significantly reducing the barriers for entry to the wholesale physical bullion market.
ABX CEO Tom Coughlin said: "The soft launch of the ABX is the culmination of many years
of hard work and planning in developing a modern, transparent and efficient solution
for the trading of allocated physical precious metals.
………At a time of high volatility in global markets and resurgent interest in precious
metals, the launch of ABX is expanding access, enhancing efficiency and raising transparency
in a market that historically has been opaque."
ABX aims to modernize and globalize the precious metal markets by connecting local markets
and major global liquidity centres including Sydney, London, New York, Singapore, Hong
Kong, Shanghai (Free Trade Zone), Bangkok, Zurich, Istanbul and Dubai.
Whilst our coverage should not be deemed as supportive of this entity, it is abundantly
clear to us how this and other similar platforms will, over time reduce the dominance of the
LBMA (London Bullion Market Association) and its operations.
Having said that however, the LBMA is supporting an alternative to the ABX called Allocated
Bullion Solutions.
ABS has partnered with Markit to offer the first post-trade solution for physical precious
metals.
This initiative will leverage Markit’s extensive connectivity across the financial sector with
both buy and sell side firms.
According to its own website, “Markit is a leading global diversified provider of financial
information services.
They provide products that enhance transparency, reduce risk and improve operational efficiency.
Their customers include banks, hedge funds, asset managers, central banks, regulators,
auditors, fund administrators and insurance companies.
Founded in 2003, Markit employs over 3,500 people in 10 countries.
Markit shares are listed on Nasdaq under the symbol MRKT.
There is no doubt in our minds, that as such platforms develop, the competition for transparency
will certainly evolve and prove beneficial to all investors alike.
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Disclaimer:
Illuminati Silver owners come from a background of Banking, International Wealth Management
and Economics.
Having now retired from these worlds we are not qualified to give investment advice.
Therefore, this and other productions must not be deemed to be giving such advice and
merely represent the personal views of its owners.