Institutional Only|Drovix does not deal with individual investors and does not accept deposits or provide retail trading services.

Drovix.
Institutional metals and energy liquidity
Metals & energy desk

Metals & energy liquidity

Spot metals priced against bullion-bank streams and CFDs on the principal energy benchmarks, aggregated across tier-1 bank and specialist non-bank LPs. For regulated counterparties only.

Spot
XAU / XAG / XPT / XPD
CFD
Energy benchmarks
15+
LPs incl. bullion banks
FIX 4.4
Primary protocol

Coverage

Precious metals and energy benchmarks

Spot metals reference loco London / loco Zurich bullion-bank pricing on T+2 cash settlement. Energy instruments are cash-settled CFDs referencing the relevant front-month future on NYMEX or ICE.

Spot metals

Symbol
Name
Instrument type
Settlement
Sessions
Spread
XAU/USD
Gold
Spot metal
Spot loco London (T+2 cash)
23h London / NY / Asia
0.15 – 0.40 USD
XAG/USD
Silver
Spot metal
Spot loco London (T+2 cash)
23h London / NY / Asia
0.015 – 0.040 USD
XPT/USD
Platinum
Spot metal
Spot loco Zurich (T+2 cash)
London / NY hours
2.0 – 6.0 USD
XPD/USD
Palladium
Spot metal
Spot loco Zurich (T+2 cash)
London / NY hours
5.0 – 15 USD

Energy (CFD)

Symbol
Name
Instrument type
Settlement
Sessions
Spread
WTI
Crude Oil WTI
CFD on energy
Cash CFD on front-month NYMEX future
Globex 23h
0.02 – 0.05 USD
BRENT
Brent Crude
CFD on energy
Cash CFD on front-month ICE future
ICE 23h
0.02 – 0.05 USD
NATGAS
Natural Gas
CFD on energy
Cash CFD on front-month NYMEX future
Globex 23h
0.004 – 0.010 USD
GASOIL
ICE Gasoil
CFD on energy
Cash CFD on front-month ICE future
ICE 23h
session-dependent

Bullion-bank pricing

Spot metals top-of-book is built from bullion-bank and specialist non-bank LP streams, with loco London as the standard reference.

Settlement

Spot metals settle on a T+2 cash basis against the loco London / loco Zurich reference. Energy CFDs are cash-settled, with rolls applied on the relevant future expiry schedule.

Sessions

Metals stream nearly 23 hours per business day across London, New York and Asia. Energy benchmarks follow Globex / ICE session calendars.

Add metals and energy to your Drovix session

Apply for an institutional account or speak to the commodities desk about coverage and settlement details.

Risk notice. Engaging in leveraged products such as Forex and CFDs involves a high level of risk. The Drovix offering is directed at Eligible Counterparties and Professional Clients and is not intended for retail clients. Leverage can amplify both profits and losses; a counterparty may lose more than its initial margin. Ensure that the firm understands how these products work and can bear the risk of capital loss.

Pricing shown is top-of-book illustrative. Actual execution depends on ticket size, ISA terms and prevailing market conditions. Drovix does not provide services to retail clients.