iBroker adds Turbos via Spectrum Markets
Spectrum Markets, the pan-European trading venue for securitised derivatives, has announced that it is welcoming Spain and Italy focused retail CFDs broker iBroker as its newest member. iBroker 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.
Nicky Maan, Spectrum Markets CEO said:
“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.”
“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.”
Enrique Marti, iBroker CEO added:
“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.”
“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.
About iBroker
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.