- By joining bwf, Spectrum Markets furthers its commitment to better regulatory alignment, transparency and investor protection
- The membership reflects Spectrum's proactive approach in contributing to industry advancements through collaborative efforts
- As a member of bwf, Spectrum Markets will contribute in particular to understanding expected regulatory developments for the German and European investment industry
Spectrum Markets (“Spectrum”), the pan-European trading venue for securities, has become the first new member of the Frankfurt headquartered Federal Association of Investment Firms (bwf) in 2024, continuing its commitment towards industry progress, regulatory alignment, transparency and investor protection around the security industry.
This membership is the third partnership announced with industry associations in recent months and reflects Spectrum's proactive approach in contributing to industry advancements through collaborative efforts.
The bwf represents and promotes the common professional interests of investment firms and institutions, within the framework of upcoming national and European regulatory, legislative and subordinate regulatory projects in the area of financial services and capital markets law. It was established in 2003, with the aim to create a uniform representation of the interests of German investment firms.
“Joining forces with a leading association like bwf reflects our commitment to fostering better and more transparent practices, advocating for regulatory alignment and prioritising investor protection. We are looking forward to the opportunity to contribute our perspectives to the discussions shaping the future of the industry. Germany is the largest securities market in Europe, and it is very important for us to see how the industry is embracing innovation and change”, comments Nicky Maan, CEO of Spectrum Markets.
“We are pleased to welcome Spectrum Markets as the newest member in 2024, marking a significant next step in our growth and influence within the financial landscape. Their innovative perspective and dedication to investor welfare align perfectly with our commitment to promoting transparent investment practices. We anticipate their valuable contributions to our initiatives aimed at advancing sound regulatory frameworks and industry standards,” concludes Michael H. Sterzenbach, Secretary General of bwf.
Building upon its existing membership agreements with the Italian Association of Financial Market Intermediaries (AMF Italia) in 2020, formerly ASSOSIM, as well as its recent memberships with German Structured Securities Association (BSW) and the Italian Association of Certificates and Investment Products (ACEPI) in 2023, Spectrum continues its efforts in shaping industry standards and improving retail investor interests across key European markets.
About bwf
bwf, the Federal Association of Investment Firms, was created in September 2003 on the initiative of the hitherto existing Federal associations of the stockbrokers/financial intermediaries and securities trading companies. Since January 2004 it has continued the business of the Federal associations, with the goal of uniformly protecting and promoting the common professional interests of German securities companies. bwf represents the interests of the industry in the framework of pending national and European legislation and subordinate regulation projects within financial services and the capital markets.
About Spectrum Markets
Spectrum Markets is a pan-European trading venue for securities 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, securities 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 speculated 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
Media contact
Liminal
T: +44 203 778 1103
E-Mail: vasiliki@liminalcomms.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.
