LeapRate has learned that trading platform provider Hello Markets (formerly Hello Binary) has begun collaboration with Bullion Capital, the Australian-based global physical precious metals exchange. Hello Markets’ white label brokers will have the option of adding the Bullion Capital MetalDesk2 physical precious metal trading platform to their current product offering.
Hello Markets will formally unveil the new partnership with Bullion Capital at the Money Fair Show 2014 in Shanghai, taking place now through the weekend.
The partnership will allow Hello Markets to offer to its brokers access to the MetalDesk2 platform at improved rates and trading fees, while also enabling them to have access to a line of credit for the financing of physical gold holdings.
Gold trading has become increasingly popular for retail clients, which tend to follow volatility even more than institutional traders. And Gold has certainly seen more than its share of volatility the past year, while FX rates – with the exception of a few brief pockets of instability – have been much less volatile.
Wassim Khateeb, Managing Director of Hello Markets’ Cyprus office, stated:
This opportunity represents an exciting strategic collaboration for Hello Markets. The company has decided to extend its product offering to include Bullion Capital’s MetalDesk2 trading platform for precious metals.
According to Bullion Capital’s CEO, Thomas Coughlin,
Embedding MetalDesk2 into Hello Markets’ trading tools allows their traders to own physical bullion, unlike the paper contracts traditionally available through online trading platforms.