Spectrum Markets enhances connectivity for brokers and market makers

Rick Steves

LIST will build central connectivity adapters that brokers and market makers can use to easily connect to Spectrum’s trading and execution infrastructure, instead of establishing multiple, bilateral connections.

Spectrum Markets has partnered with international trading solutions specialist LIST to increase connectivity options for Spectrum members, including brokers and market makers.

This is the latest move in a series of agreements to expand the ecosystem of local technology partners. LIST will first focus on developing the connectivity adapter for brokers, followed by the adapter for market makers.

Spectrum Markets targets European brokers first

Spectrum is on a quest to ensure it delivers a ‘plug and play’ solution that most effectively meets the local needs of financial institutions around Europe.

Christophe Grosset, European Sales Director at Spectrum Markets, said: “When we first conceived of Spectrum as a better way for European investors to trade derivatives, it was clear that making it as easy as possible for members to connect to the venue was going to be a key priority.

“We are therefore delighted to be working with LIST, a company that has been trusted for years by many of Europe’s leading financial institutions, but also has the expertise and ambition to work with a modern, 24-hour pan-European exchange like Spectrum.”

Mirko Marcadella, Chief Product and Marketing Officer at LIST, commented: “Spectrum’s offering is a natural fit for many of our clients, and we are very pleased to be working with them to make connecting to the venue as seamless as possible. We look forward to growing this relationship, in Italy and beyond, in the months and years ahead.”

One billion securitised derivatives traded

Spectrum has recently hit the milestone of one billion securitised derivatives traded on the platform since it launched nearly two years ago.

New users as well as increased trading activity, especially among younger traders and those seeking to profit from higher levels of market volatility, have fueled growth that surpasses 170% year-over-year.

Spectrum Markets allows investors to take advantage of its 24/5 offering. More than one third of all trades take place outside of traditional hours.

The Frankfurt-based MTF operator focuses on listing a smaller selection of the most popular products, thus delivering much more concentrated trading activity across the range.

Average reference trading for products listed on Spectrum is higher by double-digit multiples when compared against wider European industry averages for similar instruments, the firm states.

“I’m delighted to have reached this important milestone in less than two years, and it’s a real testament to the hard work of our team and the clear demand among European retail investors for a better way to trade,” said Nicky Maan, CEO of Spectrum Markets at the time.

“We’ve definitely been helped by high levels of volatility and the number of new traders entering markets during the pandemic, but more broadly our overall growth strategy is very much on track and we look forward to accelerating in the months and years ahead as additional brokers, issuers and technology partners join us on this journey.”

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