Allocated Bullion Exchange (ABX) is the world's leading electronic exchange for allocated physical precious metals. The ABX brings global trading, price discovery and clearing facilities into one standardised and secure online trading environment via its groundbreaking exchange trading platform, MetalDesk. ABX's exchange introduces a new centrally cleared, transparent and cost-effective allocated exchange system and standard for the industry by offering precious metal market participants an exchange where they are able to trade, deliver or store physical precious metal in 7 global locations. ABX gives market participants across the world direct access to one integrated and consolidated global wholesale bullion market. ABX has enhanced market efficiency, introduced inclusiveness and accessibility, and provided relevant real-time price discovery. ABX has Modernised, Globalised & Integrated the precious metal markets by redefining the way physical bullion is traded. It connects all major global liquidity centres and break down the barriers to entry to the global wholesale market for all market participants.