- Online specialised derivatives broker will shortly enable retail investors in Spain and Italy to trade leveraged instruments on the regulated trading venue
- Trading will be 24 hours a day, five days a week, with pan-European volume consolidated in a single order book
- Significant potential exists for securitised derivatives in the Spanish market
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced today it is welcoming iBroker, the Spanish online multi-product broker specialising in derivatives, as its newest member. The broker will extend its current offering to include securitised derivatives, with retail investor clients in Spain and Italy able to trade these via Spectrum.
On joining Spectrum, iBroker will start by adding Turbos to its existing product range, which includes US and European listed derivatives (futures and options) as well as OTC products (CFDs and FX). Investors will be able to trade these 24 hours a day five days a week with the aid of the firm’s state-of-the-art integrated platforms, including web-based, phone and tablet apps, and advanced integrations with third party charting tools like TradingView or Visual Chart.
Because Spectrum uses an innovative, single pan-European ISIN for each instrument listed on the venue, all iBroker’s trading volume executed on Spectrum across Spain and Italy will be consolidated in one international order book, giving its investors access to a deeper liquidity pool. Transactions will be settled via Euronext Securities Milan using existing connectivity, making it easy for iBroker to access Spectrum’s plug-and-play trading infrastructure.
“With their emphasis on providing investors a safe, simple and transparent financial markets experience, and their focus on modern, digital technology, iBroker is a natural partner for us, so we are delighted to be welcoming them to the venue,” says Nicky Maan, Spectrum Markets CEO.
“The Spanish market for securitised derivatives has been languishing for far too long, due in large part to inefficiency and high costs, penalising retail investors unnecessarily. I’m proud that Spectrum is helping to tackle these issues and give investors more tools to trade international markets,” he adds.
“Our partnership with Spectrum Markets has enabled us to easily and cost-effectively extend our offering simultaneously in both Spain and Italy to include securitised derivatives, a new type of product for us that we believe is well suited to the preferences of our clients,” explains Enrique Marti, iBroker CEO.
“We see a lot of potential for securitised derivatives in Spain, particularly following the work Spectrum has done to address the market. We are looking forward to building the market alongside Spectrum, creating more opportunities for trading.”
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, the exchange 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
iBroker is a European online broker, based in a Madrid, specialised in derivatives products. iBroker currently targets Spanish and Italian retail investors with a unique service that combines, on a single account, a wide range of Futures & Options from EUREX, CME, MEFF & Borsa Italiana, DMA access to the LMAX Exchange, together with a competitive FX & CFDs offering.
iBroker develops its own proprietary trading platforms (web and mobile), complemented by integrations with third parties like TradingView & Visual Chart, with a very unique touch of usability and synchronisation.
By giving access to the Turbo Warrants from the Spectrum trading venue, iBroker accomplishes a new milestone in our ambition to become a leading online broker specialised in derivatives for private retail & professional clients in Europe.
Further information can be found at www.ibroker.es
T: +44 203 778 1103
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. Turbo Warrants are complex financial instruments and investors may experience a total loss.