Societe Generale joins Spectrum Markets as liquidity provider, market maker

abdelaziz Fathi

Pan-European trading venue Spectrum Markets has onboarded Societe Generale as its newest liquidity provider and market maker of newly issued financial instruments.

As a member of Spectrum Markets, Societe Generale will enable its extensive network of financial institutions and brokers to offer their retail clients the opportunity to trade a series of daily constant leverage products and vanilla warrant products on Spectrum.

The alliance will increase the available range of instruments for retail investors in Finland, Norway, Sweden and Spain via their brokers or banks. Specifically, SocGen will initially issue and request admission for a range of new products on Spectrum Markets, bringing a significant new source of trading volume to the venue. It also opens the door to issuers on Spectrum requiring quick access to potential market making services.

Societe Generale will tap into Spectrum’s flexible infrastructure to list several thousand instruments. The new additions will be based on client demand in these countries, and could expand its offering into other retail investment products in future.

Societe Generale is already well established in the field of exchange-traded investment products in Europe, with more than 30 years of know-how in derivatives. It will support its clients with strong structuring and market-making capabilities as they explore trading on Spectrum by providing advisory and other related business services.

“We’ve always said we want to list only those products that are most interesting for European retail investors, focusing on what they are actually going to use, and the new products from Societe Generale certainly fit that mould. Offering more investment options in terms of duration, as well as underlyings, is a priority for us going forward, and we expect this to significantly contribute to trading volumes and liquidity” explains Nicky Maan, Spectrum Markets CEO.

“Spectrum Markets’ reach and expanding retail investor base, as well as the extended trading hours on a state-of-the-art order matching model, make them an attractive partner for us as we grow our listed securitised derivatives business internationally,” said Didier Imbert, Head of Public Distribution Europe for Societe Generale.

These instruments will be publicly offered in Finland, Norway, Sweden and Spain, taking advantage of Spectrum’s pan-European trading infrastructure and consolidating trading volumes across countries.

Spectrum has seen a significant increase in trading volumes since its launch, with securitised derivatives traded accelerating from around 280 million in the first year of operation to over 250 million in 2021.

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