SDiX – Singapore Diamond Investment Exchange Trader Marketplace?
SDiX – Smart Solutions for Global Diamond Trade
The Singapore Diamond Investment Exchange or SDiX is the first commodity exchange in the world where customers can participate in diamond trading with physically settled diamonds. A marketplace for investors and traders that is completely independent of the global diamond industry, SDiX brings to the table the latest commodity exchange technology, allowing for better transparency in price discovery, and the ability for investors and traders to treat diamonds as a commodity.
The USP of this platform is their unique trading technology implemented in their central matching engine, which can carry out a large number of orders and transaction in a span of seconds. For investors and traders interested in this kind of platform, it can provide a wealth of helpful, interesting features that can make diamond trading easier than it has ever been before.
SDiX Special Features
The most innovative feature of SDiX as a platform is its groundbreaking central matching engine, which uses data from existing global stocks and conforms to common regulations and best practices of the commodity market. SDiX provides a comprehensive solution that includes a flexible, scalable ecosystem consisting of brokers, suppliers, diamond grading laboratories and actual physical vault storage of diamonds with the help of one of the leading wealth management logistics companies of the world.
Different Products to Choose From
SDiX supports two different product types, allowing traders to choose either single stones or stone baskets. The diamonds are all GIA lab graded, and buyers have the options of examining the relevant certificates through the company website. For their stone basket product, the platform provides stones of identical cut and clarity, and the transactions can be negotiated electrically, providing fuss-free trading for customers.
Excellent Trade Matching
The main system handling all the work behind the scenes at SDiX is their revolutionary trade matching system, providing the option of automatic continuous matching, as well as negotiated matching for single stones. The true price discovery system takes into account a large number of market factors that can influence pricing, and cuts down processing time considerably. The website provides an informative video demonstration of their trading platform along with clearly laid-out trading rules, while also listing trading hours for different cities of the world.
SDiX Membership Options
With a clear set of rules and criteria, SDiX offers many different membership opportunities for brokers and suppliers. Registration can either be carried out as an approved supplier with the ability to consign stones for selling and also the opportunity to carry out proprietary trading, or a broker member with the ability to create networks and interfaces between investors and clients. The membership requirements are laid out lucidly, and the application process involves filling out just a few relevant details in a contact form.
SDiX maintains a dedicated depository service that can hold diamonds for member entities, with support for inventory records and integrated features that can provide support to participants in the trading process. The proposed network of vaulting facilities has already taken off with two facilities in South Asia, and is expected to grow over the years and cover a larger part of the globe. SDiX implements a smart, simple and intuitive process flow between storage facilities, grading labs and the trading platform with clever use of automation and latest technologies.
Overall, SDiX definitely has the potential to allow business entities to use diamonds as a commodity in the trading market, and with the implementation of the relevant technologies, can go on to change the way businesses approach trading. For traders, investors and suppliers that deal with this precious stone, this can be great news.