London, 3 March 2011
Comdaq Metals Limited, the over-the-counter (OTC) online precious and platinum group metal broker has announced the continued expansion of its product base for tradable daily benchmarks to include Osmium (Os). The Group also announced plans to offer OTC options out of its Singapore operation.
The new (Os) benchmark will be launched on 9th March 2011 and joins the already established and successful Rhodium (Rh), Ruthenium (Ru) and Iridium (Ir) benchmarks that the group began offering in 2004. More tradeable benchmarks are planned.
Osmium derives from the platinum family. It is used in alloys, with platinum, iridium and other platinum group metals. It has many uses. Among them; fountain pen tips, surgical implants such as pacemakers and replacement heart valves, electrical contacts and other applications in which an extreme level of durability is required.
9th March 2011 will also see the Group’s Singapore operation offering its existing B2B clients OTC Rh, Ru and Ir options in USD and EUR. This new service demonstrates the continued success of the operation, which was launched back in 2009.
Neil Grover, Director of Comdaq Metals and Head of Precious and Platinum Group Metals said: “With continuing client demand, we see the Osmium benchmark and the new options service as a natural extension to expand upon our dominant position within the B2B community as an OTC and online pgms broker. I am delighted with the progress the company is making in terms of the products and services we provide and am very confident that they will be a great success.”
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