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Trading FAQFriday, November 20, 2009

  1. Do I have to fund my account before trading?
  2. Is the product offered on Nucleo owned by private accounts or Bullion Direct or both?
  3. How can I get a product not currently available on Nucleo, added to the list?
  4. What does POK (Partial Fill OK) mean for a Nucleo trade order?
  5. Can I set trade parameters for "All or none", not "Partial Fill OK"?
  6. When does a trade order execute at an "or better" price?
  7. Do you buy precious metals?
  8. Does my product have to be appraised before selling on Nucleo?
  9. Do I need to send my product to Bullion Direct before selling it on Nucleo?
  10. I sent in some product, when will it be posted to my account?
  11. How do I receive payment after a SELL trade?
  12. How long does it take to process my Cash Draw request?
  13. Why can't I set up a SELL trade with the product(s) in my portfolio?


Do I have to fund my account before trading?
No. In most cases, you are automatically given an initial Trading Power to allow you to place your order(s) before sending funds

Is the product offered on Nucleo owned by private accounts or Bullion Direct?
The products available on Nucleo are a combination of products owned by other members (individuals and institutions alike), as well as Bullion Direct.

Regardless to whom your order matches, you will not be dealing with a third party. Bullion Direct takes on both sides of the transaction and is responsible for fulfilling your order to your satisfaction.

How can I get a product not currently available on Nucleo, added to the list?
If you do not see a category for a particular product you wish to trade, please contact us.

Also, we recommend using our Forum to suggest products and solicit other members' comments to gain support. We try to be responsive to the needs of our trading community.

What does POK (Partial Fill OK) mean for a Nucleo trade order?
"Partial OK" simply means that even a partial order may be matched and executed.

Therefore, if another trader's order "matches" even 1 item at your price, an order will be executed for the 1 item. Then a replacement order, reflecting the remaining balance of your original order, will be automatically submitted back into the market and retain the same placement priority.

Can I set trade parameters for "All or none", not "Partial Fill OK"?
Currently there is not a way to buy or sell "All or None" on Nucleo.  If selling, you may send all of your product at one time and we will gladly post to your account.

When does a trade order execute at an "or better" price?
The "or better" only comes into play at the moment your bid enters the market. If there is a better price available at that time, you will get the benefit of the "better" price. Any trade order that does not match immediately, is entered into the Nucleo market and will not get an "or better" price if/when it is executed.

Do you buy precious metals?
You can sell your metal on our Nucleo Exchange, essentially selling directly to our customers without having to deal with a third party. If your product is not listed on Nucleo or you have any question about which category to use, please feel free to contact us.

Does my product have to be appraised before selling on Nucleo?
No. Your product does not need to be appraised before sending to Bullion Direct. Our Vault staff reviews all product for authentication and quality control purposes.

Do I need to send my product to Bullion Direct before selling it on Nucleo?
No. You can send your product once your Sell order executes on Nucleo. You are welcome to send in advance and we will credit the product to your account.

I sent in some product, when will it be posted to my account?
Under normal market conditions, your product will be posted to your account within 2 (two) business/banking days after it is received and passes through our Authentication and Quality Control process.

How do I receive payment after a SELL trade?
Once product is received and posted to your executed Sell Order, a Cash credit will automatically be posted to your Cash account. Simply go to My Account under Member Services and select the Withdraw button next to your Cash balance.

How long does it take to process my Cash Draw request?
Check requests are Free and are normally processed within 5-7 business/banking days.
Wire requests are $15.00 and are normally processed within 1-3 business/banking days.

Why can't I set up a SELL order with the product(s) in my portfolio?
You may have committed this product to a previous Sell Order that is still Pending. If so, the product is unavailable to sell.

To release the hold on the product, CANCEL the pending SELL Order(s) that is involved. You will then be free to place another order using the product(s) for fulfillment.

Market Summary
Metal
Last
Change
Gold
1148.30 [up]
6.60
Silver
18.490 [up]
0.025
Platinum
1446.90 [up]
6.00
Palladium
365.00 [down]
-4.90
11/20/09 1:00:13 PM CST
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