- Italian broker represents over 61,000 retail investors and €3.5bn of assets under custody
- Marks significant milestone in Spectrum’s European growth plans
- Interest from financial institutions in retail investor community continues to grow
Spectrum Markets (“Spectrum”), the pan-European trading venue for securitised derivatives, today welcomes independent retail broker Directa SIM (“Directa”) as its newest member.
Directa is a pioneer in online trading in Italy, servicing over 61,000 active accounts representing combined customer assets of around €3.5bn. It has been listed on Borsa Italiana since December 2021. It will be a direct trading member of Spectrum, using proprietary technology to act as its own settlement agent.
This latest partnership means now even more Italian retail investors have the ability to trade securitised derivatives on Spectrum, 24 hours a day, five days a week.
The announcement marks a significant milestone in the venue’s European growth strategy and reflects the fact that financial institutions in the region are increasingly focused on how they can better serve retail investors and win their business.
“Spectrum’s philosophy has always been about finding a better way to do things for retail investors, and this is an ethos that we really share with Directa, so they are a very natural partner for us, and we’re delighted to have such a respected and pioneering retail broker joining the venue,” explains Nicky Maan, Spectrum Markets CEO.
“Since we’ve been in business, I’ve never seen stronger interest in the European retail investor community, and this is coming from a whole range of financial institutions: from issuers to brokers and everything in between,” he adds.
“We’re always on the lookout for new products and services to expand the range of investment tools available to our customers and to improve their trading experience, and we expect the range of securitised derivatives offered on Spectrum to be very well received, particularly considering the ability to trade 24/5. We also look forward to the listing of new products that respond specifically to the requirements of Italian retail investors,” said Vincenzo Tedeschi, CEO of Directa SIM.
About Directa Sim S.p.A.
Directa Sim pioneered online trading in Italy and is one of the world's leading online brokers. Founded in 1995, its aim was to allow private investors to operate directly on financial markets and it changed the history of investing in Italy forever. Today, with over 60,000 active accounts, Directa's mission is to offer everyone the freedom to invest independently through user-friendly technology.
About Spectrum Markets
Spectrum Markets is the trading name of Spectrum MTF Operator GmbH. Headquartered in Frankfurt am Main, Germany, it is a pan-European trading venue for securitised derivatives aimed at financial institutions and their retail investors. Since launch, trading has been available in: Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland.
Acting as a MiFID II regulated trading venue authorised and supervised by BaFin, Spectrum Markets uses a uniquely open architecture system to allow investors to trade with increased choice, control and stability. Through its pan-European ISIN, 24/5 trading services and its own proprietary venue, Spectrum enables a guaranteed baseline level of liquidity over a range of products and is able to swiftly and safely match a significant number of orders and process multiple quotes every second.
Further information can be found at spectrum-markets.com
Media contact
Liminal
T: +44 203 778 1103
E-Mail: vasiliki@liminalcommunications.com
Disclaimer
All information contained herein is for information purpose only and addresses exclusively Members of Spectrum Markets and persons interested in becoming a Member of Spectrum Markets. Nothing herein constitutes an offer to sell or a solicitation of an offer to purchase any securitised derivatives listed on Spectrum Markets or any product described herein. Spectrum Markets does not provide financial services, such as investment advice or investment brokering. Prospective retail investors can trade such products only with their brokers. The information herein does not constitute investment advice or an investment recommendation. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.
