Goldmoney Inc. Introduces New Real-Time Precious Metals Trading and Analysis PlatformJan 14, 2019
- Goldmoney Active Trader empowers new and experienced precious metals investors with a powerful online trading platform
- One centralized interface enables market participants to analyze, manage & trade physically vaulted gold, silver, platinum, and palladium bullion in the nine global currencies offered through the Goldmoney Holding
TORONTO – (January 14, 2019) –Goldmoney Inc. (TSX:XAU) (“Goldmoney”) (the “Company”), a precious metal financial service and technology company, today announced the beta launch of Goldmoney Active Trader, a professional order management and trading execution platform available to all existing Goldmoney clients.
Active Trader offers a turnkey trading solution with technical indicators, charting tools, social sharing and saving capabilities for buying and selling physically allocated precious metals in multiple selected global vaults. A unique allocated precious metals exchange, Active Trader extends Goldmoney’s world-class product set, scalability and support by streamlining trading, custody, and delivery services for physical precious metals through one electronic environment.
“As someone who takes professional trading seriously, I wanted Goldmoney to introduce an exemplary trading platform that would complement our existing online offering,” said Goldmoney CEO Roy Sebag. “This platform required our engineering team to re-architect the core technology powering the Goldmoney service, introduce limit orders, and a visible order-book for each precious metal and currency pair that we offer. I am extremely pleased with the results and want to commend our engineering and design team for their impressive work.”
“The launch of Active Trader is an evolutionary step in Goldmoney’s mission to facilitate ownership of vaulted, insured precious metals in the most secure and transparent manner possible,” said Goldmoney COO Paul Mennega. “Active Trader’s charting, technical analysis, and advanced trading tools will give our already knowledgeable clients an edge when it comes to managing their exposure to volatility and preserving their purchasing power. We are excited to continue delivering enhancements to Active Trader in the coming months.”
Active Trader Beta Features*:
- New intuitive interface and advanced tools to trade, research ideas and track precious metals investments
- Limit buy and sell orders on vaulted Gold, Silver and Platinum at Brinks Toronto and Brinks New York
- Buy and sell fees of 1% upon limit order execution
- Order expiration can be set for 24 hours or 30 days
- Enhanced market transparency with real-time order books
Active Trader Future Enhancements:
- Expansion to include all of Goldmoney vaults precious metals and cryptocurrencies
- Instant execution of orders
- Additional product crosses, such as metal to metal and metal to cryptocurrencies
* Active Trader is currently in beta, with plans to launch full features later this year.
About Goldmoney Inc.
Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world’s largest precious metals payment network. Safeguarding nearly $1.9 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all. Powered by Goldmoney’s patented technology, the Goldmoney® Holding is an online account that enables clients to invest, earn, or spend gold, silver, platinum, palladium and cryptocurrencies that are securely stored in insured vaults in seven countries. All bullion assets are fully allocated and physically redeemable property. Goldmoney Wealth Limited is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. Goldmoney Network is a reporting entity to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. For more information about Goldmoney, visit goldmoney.com.
Media and Investor Relations inquiries:
Director of Global Communications
Chief Financial Officer
+1 647 499 6748
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Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company’s business, expected results of operations, and the market for the Company’s products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company’s operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; effectiveness of the Company’s risk management and internal controls; use of the Company’s services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.