A Malaysian-based gold trader and refiner has listed on the ASX, in a move that will give Australia a greater role in the international gold trading market.

IGDX Holdings Limited (ASX code: "IGX") has joined the ASX through Adelaide as its home exchange after a fully subscribed Aus$2 million Initial Public Offer involving the issue of four million 50 cent ordinary shares.

The company will be capitalised at just under Aus$93 million when it lists, with 224 million shares on issue and 455 Australian shareholders.

IGDX's Malaysian, Indonesian and Hong Kong operations include a gold refinery at Penang , a precious metals trading operation in Hong Kong and a software solution business specialising in gold and precious metals trading platforms.

IGDX chairman Shamshudeen Mohd Yunus says the company was positioned through tomorrow's listing, to more significantly participate as a market maker in the international gold trading market, providing strong ongoing revenue opportunities.

"One of the company's flagship assets, its gold trading platform known as GforG, has the potential to more greatly involve Australia in global bullion trading, particularly for secondary scrap gold," Shamshudeen Mohd Yunus said.

"The emphasis of the GforG platform is that it offers traders access to free and fair trade in physical gold in global markets," he said.

"It differentiates itself from other gold exchanges in that our customers trade in physical gold.

"A customer deposits a quantity of physical gold with IGDX. The deposited gold is converted at the company's gold refinery into an international standard 22 carat gold coin (International Gold Dinar or IGD).

"This then allows customers to take long or short positions on the gold price, with a maximum exposure up to the amount of their deposited gold.

"Their profits are measured in gold weight equivalent rather than currency."

Shamshudeen Mohd Yunus says IGDX views GforG as a universal platform for gold trading which would help revive the Asia Gold Contract with a new gold standard through the refinery's production of gold bullion with a 995.0 purity rating.

The GforG platform currently allows gold traders to trade in major markets for precious metals, including the Tokyo Commodity Exchange, Chicago Board of Trade, COMEX, Loco London, Dubai Gold Exchange and the Chinese Gold Silver Exchange.

IGDX is the only foreign entity in 95 years to be licensed as a member of the Chinese Gold and Silver Exchange Society.

"The listing on the Australian Stock exchange is designed to reinforce this business strategy and via our Asia-Australian link, have IGDX become increasingly recognised internationally for gold trading," Shamshudeen Mohd Yunus says.