Spectrum Markets has become a member of the German Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen (bwf))
Spectrum Markets is a wholly owned subsidiary of the IG Group (LSEG: IGG). Regulated by BaFin, the company is a pan-European trading venue for securitized derivatives aimed at financial institutions and their retail investors. A multilateral trading facility (MTF), institutions like brokers, banks, hedge funds and more, connect directly to the platform which then provide access to retail investors. The marketplace enables a broad variety of assets to be traded like shares and options but also more esoteric vehicles.
As a member of bwf, Spectrum Markets states that it will contribute to understanding expected regulatory developments for the German and European investment industry.
Nicky Maan, CEO of Spectrum Markets, commented on joining bwf explaining it represents their commitment to fostering more transparent practices and advocating for regulatory “alignment.”
“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.”
Michael H. Sterzenbach, Secretary General of bwf, echoed the expectation that Spectrum will contribute to their initiatives at advancing regulatory frameworks and industry standards.
Since its 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.
As a MiFID II-regulated trading venue, Spectrum Markets uses an open architecture, allowing intermediaries to offer retail investors increased choice, control, and stability.