Comdaq Metals has announced the launch of an online platinum group metals (pgms) trading platform.

The product, which is due to be unveiled on March 28th, will enable around-the-clock trading in platinum, palladium, ruthenium, iridium and rhodium.

The system was developed in conjunction with experienced traders and includes live price feeds. It will enable traders to trade anonymously via personal digital assistants and personal computers.

Neil Glover, Director and Head of Precious Metals and PGMs at Comdaq, told Reuters: "Our e-trading platform has been developed over the past six years in response to market changes and the demands of our clients."

"Our aim is to assist liquidity in global pgm markets for our user group of major international banks and trading houses by combining our internet trading engine with our existing OTC (over-the-counter) voice broking system."

The UK-based company's product will be accessible by 159 interbank and business-to-business traders.

Since forming in 1999, Comdaq now accounts for $4.2 billion worth of trading in pgms annually.

Ÿ Adfero Ltd