The Buy & Sell page allows you to Buy or Sell, either as a direct match or to put up a match request for bullion products. The Buy & Sell form consists of:
Transaction type:
Sell
Buy
Precious metal type:
Gold
Silver
Item:
For Buy transaction types, this shows the bullion products available on the Live Exchange.
For Sell transaction types, this shows the bullion products that are available in your inventory balance.
Buy at:
The "Live price" option refers to all pending buy and pending sell requests made by other users on the Live Exchange that are seeking for a match.
For Buy transaction types, the "Preferred price" option allows you to put up a request for a specific bullion product at a specific pricing.
For Sell transaction types, the "Preferred price" option allows you to put your bullion product available from your inventory onto the Live Exchange.
Quantity:
This field allows you to key in the quantity that you would like to buy or sell.
Unit price:
This field allows you to key in the preferred unit price (price per item). This option to set the unit price is only available with the "Preferred price" option.
Total price
The quantity and unit price is auto-calculated in this field.
Fees - Trading:
This field shows the trading fee that is charged based on the total price.
Fees - Storage:
This field shows the storage fee based on your selected item and tier. This fee is only charged for Buy transaction types. You can read more about the storage fees here.
Fees - Tax:
This field shows the tax on the trading and storage fee.
Grand total:
This field shows the grand total inclusive of the total price and fees.
Confirmation screen:
This shows the summary of the options selected, along with the pricing.
What happens next?
Once confirmed and submitted, the request will be made, whereby live price confirmations will have a direct match. On the other hand, preferred price confirmed submissions will place the request up in the Live Exchange.