- Spectrum Markets has expanded the products available for trading, to include 1,757 Exchange Traded Funds from more than 30 funds providers, alongside its existing securitised derivatives offering
- Leading market-maker in Germany, ICF BANK AG will be the exclusive liquidity provider for ETFs on the venue
- Retail investors can now trade ETFs from 8am to 10pm CET issued by global providers such as Amundi, Fidelity, Invesco, Franklin Templeton, HSBC, iShares, or JP Morgan on Spectrum
Spectrum Markets (“Spectrum”), the pan-European trading venue for financial instruments, announced today that Exchange Traded Funds (ETFs) are now available for trading.
Spectrum is responding to the rise in popularity of ETFs, which have gained investor interest due to their diversification, liquidity and competitive fees. Additionally, Spectrum’s extended trading hours offering enables brokers to facilitate intraday trading for their retail investors, within a regulated trading environment. Through its advanced infrastructure and technology, Spectrum was able to innovate to cater to the growing demand in this product class and expand its portfolio of available products.
Major market-maker in Germany, ICF BANK AG, the German securities trading bank, will provide liquidity for ETFs on Spectrum. Selected through a rigorous process, ICF BANK AG was chosen for its quality of execution, uptime presence in the order book, and pricing quality.
ETFs from more than 30 leading global fund providers will be made available for trading on Spectrum, including BNP Paribas, Goldman Sachs, Fidelity, Franklin Templeton, HSBC, iShares, JP Morgan, Legal & General, Pimco, State Street, UBS, Vanguard, or WisdomTree, during extended trading hours.
“ETFs are one of the most exciting product classes right now, and so Spectrum is pleased we were able to instantly respond to meet this demand. This marks a significant milestone for brokers and retail investors throughout Europe, as they can now access a diverse range of ETFs from some of the most recognised providers. We remain committed to listening to our clients’ needs and ensuring they are receiving that in the most secure and transparent way available, as we continue to expand our product set on the venue,” said Nicky Maan, CEO of Spectrum Markets.
"ICF's substantial growth in recent years underscores our commitment to innovation and looking at partners that can offer us this. As a result, we believe that collaborating with Spectrum aligns seamlessly with our international growth strategy. With an increasing appetite for liquidity pools across Europe, we look forward to continuing our partnership with Spectrum and expand our business beyond Germany and enter into the wider European markets in the near future," added Lars Lautenschläger, Managing Director at ICF BANK AG.
About Spectrum Markets
Spectrum Markets is a pan-European trading venue for financial instruments aimed at financial institutions and their retail investors. Headquartered in Frankfurt am Main, Germany, and with presence across Europe, Spectrum Markets was designed for transparency, integration and openness while enabling unparalleled access to the markets beyond traditional trading hours with 24/5 on-venue trading for the first time in Europe.
Since launch in August 2019, financial instruments listed on Spectrum Markets have been made available for retail trading in Germany, Italy, France, 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, allowing intermediaries and product providers to offer to retail investors a unique trading experience with increased choice, control and stability.
Being an MTF (Multilateral Trading Facility), Spectrum Markets provides access to innovative products designed to give European retail traders flexibility and control over their trades. This includes Turbo24, the world’s first 24-hour turbo warrant.
Through the pan-European ISIN, 24/5 trading services, intraday issuance and a fully proprietary venue, Spectrum Markets enables a guaranteed baseline level of liquidity over a range of products, is able to swiftly and safely match a significant number of orders, and to process messages with a low latency.
Spectrum Markets publishes SERIX® – the Spectrum European Retail Investor Index – a pan-European client sentiment that informs as to whether retail investors have taken exposure on a bullish or bearish view on a specific underlying. SERIX® is a measure based on trades made by retail investors across Europe which can be used to compare how sentiment has changed (in terms of directionality or strength of sentiment) over time on a monthly basis.
Spectrum Markets is a wholly owned subsidiary of IG Group (LSEG: IGG).
Further information can be found at spectrum-markets.com
About ICF BANK AG
ICF BANK AG is a German securities trading bank, offering a range of professional services tailored to meet the needs of institutional and corporate clients. ICF BANK AG’s core offerings include market making, order execution, sales trading, corporate finance, and designated sponsoring. Collaborating with its subsidiaries, ICF SYSTEMS AG and NOVIS Software GmbH, ICF BANK AG actively developed and implemented innovative market models and IT technologies.
Central to ICF BANK AG’s operations is its commitment to providing direct access to trading venues across the globe, spanning four continents, 36 countries, and over 55 stock exchanges, along with 10 MTF and OTC platforms.
Further information can be found at www.icfbank.de
Media contact
Liminal
T: +44 203 778 1103
E-Mail: vasiliki@liminalcomms.com
Disclaimer
All information contained herein is for information purposes 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 financial instrument(s) listed on Spectrum Markets or any product described herein. Spectrum Markets does not provide financial services, such as investment advice or investment brokerage. 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.
