Edgewater Markets has announced in a release that it handled $500 million in daily volume in spot gold and silver during the first half of 2020 – something the firm says is a significant year-on-year increase.
With servers in LD4, NY4, and TY3, the firm offers spot gold and silver to its institutional clients with local connectivity, and either a front-end execution interface or an API connection for access to its precious metals’ ecosystem.
“Our ultra-low latency network and unique pricing have been well received as a new player in the precious metals market globally, and we are poised for continued growth in the space,” says Emanuel Georgouras, head of Edgewater’s European businesses. “We look forward to partnering with those in the asset class to further optimise trade efficiency and transparency to bring about unique solutions to the bullion market’s needs.”
Mike Johnson, Edgewater’s lead developer based in London, adds, “Our technology has evolved to the point where we are able to keep up with the fastest moving markets, and our growth with precious metals is a confirmation of that.”