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Tornado Bullion Cart Mobile Heding Platform

Mobile heding platform for clients of zaner precious metals climbs toward billion dollar mark

 
PRLog - Jul. 11, 2014 - CHICAGO -- CHICAGO, (July 11, 2014) – Zaner Group (www.Zaner.com (http://www.zaner.com/)) today announced that the proprietary hedging platform named Tornado Bullion Cart, operated by its subsidiary Zaner Precious Metals, has conducted nearly a billion dollars in notional value of precious metals hedging to date.

The Tornado Bullion Cart aggregates precious metals best bids and offers from all available sources, around the clock, providing investors and traders from financial institutions to geologists to coin dealers a liquid and up-to-the-minute mobile hedging solution.

It was created based on the model of foreign exchange price aggregation needed for the world’s largest institutions and governments to know current market values of various currencies for the purpose of risk management.

Said Pete Thomas, CEO of Zaner Precious Metals: “A decade ago, my COO and partner Tom Garland and I identified a demand in the gold community; there was no way for refiners, miners and coin dealers to protect themselves against market movement with regards to ‘odd lots’, or amounts of metal that weren’t 100 ounces in size. The Tornado Bullion Cart sprang from this need to help people hedge risk in the cash market and vis a vis other precious metals assets.”

“We were the first mobile hedging platform specific to hedging risk in precious metals, and notional value that is reaching the billion dollar mark is a testament to the importance of having a price aggregation system that works for all market participants in this asset class,” Thomas stated.

Added Matt Zaner, CEO of the Zaner Group, “We recently launched our precious metals subsidiary and Pete brought the Tornado Bullion Cart technology and more than a decade of experience using it to the development of this alternative asset class. Now, Zaner’s clients and prospects also will be able to tap into the increasingly large pool of participants for accessing best prices.”

ABOUT ZANER PRECIOUS METALS:

Zaner Precious Metals is a subsidiary of Zaner Group and is a full service precious metals dealer located in Chicago at 150 S. Wacker Drive. Products include gold, silver, platinum, and palladium in the form of bullion bars, and bullion coins. The majority of the bars and coins sold are “fresh” current year straight from the vaults of suppliers. Zaner Precious Metals services include buying and selling of precious metals, an offering of qualified IRAs, assistance with storage and insurance, use of the proprietary global hedging platform Tornado Bullion Cart, and media commentaries.

ABOUT ZANER GROUP:
The Zaner Group, Established in 1980 by CEO Matt Zaner, maintains custom clearing and trading relationships with multi-billion-dollar partners. Clients benefit from futures and options market-leading technologies, memberships on the world’s major exchanges, execution desks on the premier trading floors, operations in more than 14 countries, access across multiple forex dealing desks, and other alternative investment capabilities. Zaner Group is a member in good standing of the National Futures Association (NFA) and is registered with the Commodity Futures Trading Commission. Numerous company officers have former experience as NFA arbitrators and educators who help to enforce high industry standards.

Media Contacts:

Matt Zaner, Matt@Zaner.com

Pete Thomas, Director, Zaner Precious Metals – 312-277-0140     [Toll Free 1-800-621-1414]

Contact
Peter Djuvik
***@zaner.com

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Source:Zaner Group
City/Town:Chicago - Illinois - United States
Industry:Finance
Tags:trading, investing, futures
Shortcut:prlog.org/12347441
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