Platinum group metals broker Comdaq Metals Limited is to launch an online PGMs trading platform that will go live on March 28, the company said Thursday.

The online facility will allow users to trade platinum, palladium, rhodium, ruthenium and iridium.

"Our aim is to assist liquidity through the mediums of our over-the-counter broker and online platforms creating a hybrid model," said Neil Grover, director head of precious and PGMs at Comdaq Metals.

"We are dealing in a physical and unallocated commodities market, where our clients are looking to place specific quantities of metal at a prescribed price, and offer the opportunity to fully negotiate anonymously online," Grover said.

The new PGMs platform will be Internet-based with access 24 hours a day, seven days a week.

Comdaq Metals currently brokes both physical metals and what is termed unallocated platinum and palladium, on a spot and physical swap basis.