Spectrum Markets, the pan-European trading venue for securitised derivatives, has announced that it has welcomed independent retail broker Directa SIM as its newest member.

Directa is a pioneer in online trading in Italy, servicing over 61,000 active accounts representing combined customer assets of around €3.5bn. It has been listed on Borsa Italiana since December 2021. It will be a direct trading member of Spectrum, using proprietary technology to act as its own settlement agent.

This latest partnership means now even more Italian retail investors have the ability to trade securitised derivatives on Spectrum, 24 hours a day, five days a week.

The announcement marks a significant milestone in the venue’s European growth strategy and reflects the fact that financial institutions in the region are increasingly focused on how they can better serve retail investors and win their business.

Nicky Maan, Spectrum Markets CEO, explained:

“Spectrum’s philosophy has always been about finding a better way to do things for retail investors, and this is an ethos that we really share with Directa, so they are a very natural partner for us, and we’re delighted to have such a respected and pioneering retail broker joining the venue.”

“Since we’ve been in business, I’ve never seen stronger interest in the European retail investor community, and this is coming from a whole range of financial institutions: from issuers to brokers and everything in between.”

Vincenzo Tedeschi, CEO of Directa SIM added:

“We’re always on the lookout for new products and services to expand the range of investment tools available to our customers and to improve their trading experience, and we expect the range of securitised derivatives offered on Spectrum to be very well received, particularly considering the ability to trade 24/5. We also look forward to the listing of new products that respond specifically to the requirements of Italian retail investors.”

About Directa Sim S.p.A.

Directa Sim, an online broker in Italy, was founded in 1995 with an aim to allow private investors to operate directly on financial markets. Today, with over 60,000 active accounts, Directa’s mission is to offer everyone the freedom to invest independently through user-friendly technology.

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, Spectrum Markets 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.