MKS PAMP Partners with smartTrade Technologies to Offer Location-Based Trading for Platinum and Palladium
Geneva – June 29, 2023 – MKS PAMP, a provider of financial and physical trading services, proudly announces another new feature to its Web Trading Application (WTA). Leveraging its longstanding partnership with smartTrade Technologies, MKS PAMP’s WTA now allows traders to buy and sell platinum and palladium Loco London and Loco Zurich making WTA the first institution on smartTrade to go live on both locations simultaneously.
smartTrade’s LiquidityFX is an end-to-end solution supporting a range of instruments including FX spot, forwards, swaps, NDFs, options, precious metals and cryptocurrencies. Aggregation, pricing, risk management, distribution and post-trade are integral features of the platform, meeting all the requirements for precious metals trading.
This strategic move demonstrates MKS PAMP’s commitment to continuous innovation and expansion of its solutions. The latest addition to WTA’s comprehensive and tailored precious metals trading functionalities provides institutional investors with maximum flexibility and optimal execution.
Felix Cloke, Head of e-trading services at MKS PAMP, commented: “We are thrilled to introduce this feature to WTA’s liquidity offering. To surpass our clients’ expectations, it is crucial to continually evolve and deliver features that support their business and trading needs. Our partnership with smartTrade over the years has played a critical role in the continuous enhancement of WTA’s offering.”
David Vincent, Co-Founder and Chief Executive Officer of smartTrade Technologies said: “We are delighted to build on our partnership with MKS PAMP to offer this new functionality to their clients. smartTrade has extensive experience in developing electronic trading solutions for complex markets and, as part of our own commitment to innovation and client service, we look forward to working even more closely with MKS PAMP to meet their precious metals trading needs.”
MKS PAMP’s WTA is a multi-configurable platform that enables traders to access a wide range of precious metals, including gold, silver and Platinum Group Metals (PGMs) in multiple currencies and in different denominations. With real-time spot prices and deep market liquidity, WTA ensures optimal execution for traders. Available on both desktop and mobile devices (iPhone and Android), WTA offers one-click trade execution, a variety of order types, and straight-through processing, providing maximum flexibility and seamless user experience.
About MKS PAMP
With a global footprint and over 60 years of experience in the precious metals industry, MKS PAMP – part of the MKS PAMP GROUP – is dedicated to creating a sustainable future with precious metals products and services. The company offers the world’s most extensive range of durable, innovative, and responsibly sourced precious metals products and services. The company builds on leading artisan savoir-faire and Swiss engineering to manufacture a wide range of precious metals products and in various forms, and provides precious metals services such as trading, refining, vaulting and storage, treasury, and mine financing.
Still managed by the founding family, MKS PAMP is an advocate for long-term thinking, responsible sourcing, sustainability, and ethics, working closely with its stakeholders to set the highest codes of conduct in the industry. MKS PAMP developed Provenance, a traceability solution that utilizes blockchain to trace precious metals along the supply chain and guarantee responsible sourcing globally. MKS PAMP aims to create value by leveraging its technical expertise, innovations, and global infrastructure to be an indispensable global partner and the most sustainable organization in the precious metals industry.