iBroker taps Spectrum to launch securitised derivatives 24/5 in Spain and Italy

Rick Steves

“Our partnership with Spectrum Markets has enabled us to easily and cost-effectively extend our offering simultaneously in both Spain and Italy to include securitised derivatives, a new type of product for us that we believe is well suited to the preferences of our clients.”

iBroker, a Spanish online multi-product broker specialising in derivatives has tapped Spectrum Markets in order to extend its current offering to include securitised derivatives.

The brokerage firm, which caters to retail investor clients in Spain and Italy, will enable them to trade these leveraged instruments via Spectrum’s regulated trading venue, 24 hours a day, five days a week.

iBrokers to add Turbos to futures, options, CFDs and FX

iBroker will start by adding Turbos to its existing product range, which includes US and European listed derivatives (futures and options) as well as OTC products (CFDs and FX).

The offering is available 24/5 on the firm’s integrated platforms, including web-based, phone and tablet apps, and advanced integrations with third party charting tools like TradingView or Visual Chart.

Spectrum uses an ISIN for each instrument listed on the venue, which ultimately gives investors access to a deeper liquidity pool as all iBroker’s trading volume executed on Spectrum across Spain and Italy will be consolidated in one international order book.

Transactions are settled via Euronext Securities Milan using existing connectivity, making it easy for iBroker to access Spectrum’s plug-and-play trading infrastructure.

Turbos vs CFDs

Turbos, formerly known as listed contracts for difference (CFDs), are leveraged investment instruments that enables traders to speculate on the upward or downward movement of the underlying instrument, such as shares, indices or equities.

All turbos feature a knock-out barrier at no extra cost to the investor, meaning the contract will automatically close if it reaches the knock-out barrier and ensures you can never lose more than your initial stake. The built-in stop loss means that positions are automatically closed once a predefined price level is achieved.

EU regulation MiFID qualifies Turbo Certificates as transferable securities. Turbos are usually traded on a regulated market or MTF (multilateral trading facility) that involve extra transparency obligations as opposed to OTC trading. Another benefit is that retail clients are not liable for further payment once a position is closed or the transaction is completed. Turbos are not margined products and investors cannot change the leverage of the certificates.

“A lot of potential for securitised derivatives in Spain”

Nicky Maan, Chief Executive Officer at Spectrum Markets, said: “With their emphasis on providing investors a safe, simple and transparent financial markets experience, and their focus on modern, digital technology, iBroker is a natural partner for us, so we are delighted to be welcoming them to the venue. The Spanish market for securitised derivatives has been languishing for far too long, due in large part to inefficiency and high costs, penalising retail investors unnecessarily. I’m proud that Spectrum is helping to tackle these issues and give investors more tools to trade international markets.”

Enrique Marti, Chief Executive Officer at iBroker, commented: “Our partnership with Spectrum Markets has enabled us to easily and cost-effectively extend our offering simultaneously in both Spain and Italy to include securitised derivatives, a new type of product for us that we believe is well suited to the preferences of our clients. We see a lot of potential for securitised derivatives in Spain, particularly following the work Spectrum has done to address the market. We are looking forward to building the market alongside Spectrum, creating more opportunities for trading.”

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