When a bid is made by the Buyer, the system matches the Seller’s bullion allocation with the bid and reassigns the bullion ownership to the Buyer. 1. All Buyers must have sufficient funds to support each bid made. 2. All Sellers must have the physical allocation of the bullion to sell. Must instead utilize a DBS-member business to trade on the platform. This will ensure that you learn the ropes of how to trade effectively – and in a risk-averse manner. Easy-to-use interface. Some users will complain about the lack of features but that’s what makes it simple to use! This is a significant benefit for investors that use their services. Welcome to the first and only 100% backed precious metals trading platform, made by serious investors for the serious investor. Singapore Exchange Ltd (SGX) said on Friday it would buy currency trading platform MaxxTrader for $125 million as the bourse operator expands its currency offerings. The Office of the Comptroller of the Currency (OCC), the U.S banking regulatory body earlier authorized national banks in the country to offer crypto custodial services.
This has attracted the interest of the world’s leading investment banks and brokerage houses. Binance’s Co-founder Changpeng Zhao said that the Singapore branch made an investment in HG Exchange which is a private securities exchange that will give the branch a post-money stake of 18% in the Exchange that was granted a recognized Market Operator license by MAS but the deal will still be a subject to regulatory requirements. So it definitely isn’t free but still very reasonable considering what you are getting out of it ($170 will get you approximately $15 worth of bitcoin today). SMX’s key agenda is to create a viable Asian price discovery and benchmarking system, Asia which has evolved to become the leading producer and consumer of commodities still concurs with the western markets which are the price setters. Commodities Intelligence Centre (CIC) launched Singapore’s first physical commodity B2B e-trading platform that is built on blockchain technology.
As part of its launch ceremony, CIC also said that it signed a Memorandum of Understanding (MOU) with Japanese conglomerate Marubeni Corporation to unlock commodities trade opportunities for Supply Chain Finance. Marubeni will integrate the CIC to facilitate more payment term options to bridge buyers and sellers globally with greater ease and efficiency. It allows commodity traders to access services such as transaction matching, one-click customs clearance, supply chain financing and payment term options, and pooling of resources for both buyers and sellers. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. Founded in China in 2017, Binance Holdings hasn’t set up a headquarters yet but according to the website, Binance’s main platform managed to record a daily trading volume of $2 billion with more than 1.4 million transactions per second. The firm has previously raised $2.5 million in two rounds.
There are no changes to commission rates for Saxo for trading in the HK market. Interactive Brokers – IB offers impressive commission rates, but they do charge for basic tools such as market data and news insights. Despite its relative youth, Phemex’s history stands out with a number of events and services that have now cemented its reputation as a dedicated trailblazer that offers new financial opportunities for all. However, Tiger Brokers’ HK brokerage offering is now at an almost unbeatable $15 min and 0.06% variable comms. US$100k, go with Interactive Brokers as they provide one of the BEST pricing of min HK$18/trade (SG$3.15 equivalent). According to Bloomberg, one spokesperson of Binance Asia said that the exchange provided a plan for the cessation of services and allow customers more time to seek alternative providers or liquidate their holdings if they want to. If you are a beginner and plan to invest $100-$3000, then CoinHako or Binance is the best platform for you. Until now, Binance was operating under a temporary exemption during the licensing process and the MAS said that the applicants operating under the exemption will be required to cease providing these kinds of regulated payment services.