All underlyings are proving to be popular, with turbo24 volume on the DAX represents 33% of the total, followed by the S&P 500 with 19% and then the Dow Jones with 10%. The proportion of transactions taking place between the hours of 17:30 and 09:00 has stabilised at around 33%, confirming the practical appeal of Spectrum’s 24/5 trading hours.
Spectrum’s trading platform allows brokers to offer their retail investors trading in turbo24 products on indices, currencies and commodities. With 24/5 market access for customers, Spectrum provides a completely new structured products trading platform and service offering.
Nicky Maan, Spectrum's CEO, said, "Our second full month of trading has seen volumes increasing strongly across the breadth of underlyings – this demonstrates the attractiveness of our modern trading platform with its robust technology, lean product range and retail-focused venue approach.
“We’re deep into discussion with brokers and now with the vast majority of major issuers across Europe, where they are finding great interest in Spectrum. Our sales force is expanding as planned, as we start to build our key partnerships on Spectrum.”
Spectrum’s truly European trading platform is designed to provide simple and efficient access for its participants and their retail clients, with a transparent order book including public pre- and post-trade information. In addition, Spectrum offers its customers cost-efficient, bilateral settlement. For online brokers, the company promises easy market access and attractive pricing.
Uwe Velten, Velten Communications
+49 (0) 172678 6684
Spectrum is the trading name of Spectrum MTF Operator GmbH. Headquartered in Frankfurt, Germany, we offer a new way of dealing in leveraged products for the European retail market; introducing a purpose built 24/5 lit trading venue, with complete transparency, increased choice and maximum control.