Pan-European trading venue Spectrum Markets, has added 1,757 Exchange Traded Funds (ETFs) available for trading by its clients. Spectrum said it is responding to the rise in popularity of ETFs, which have gained investor interest due to their diversification, liquidity and competitive fees.
Additionally, Spectrum’s extended trading hours offering enables brokers to facilitate intraday trading for their retail investors, within a regulated trading environment.
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Through its advanced infrastructure and technology, Spectrum was able to innovate to cater to the growing demand in this product class and expand its portfolio of available products.
Major market-maker in Germany, ICF Bank AG, the German securities trading bank, will provide liquidity for ETFs on Spectrum. Selected through a rigorous process, ICF Bank was chosen for its quality of execution, uptime presence in the order book, and pricing quality.
ETFs from more than 30 leading global fund providers will be made available for trading on Spectrum, including BNP Paribas, Goldman Sachs, Fidelity, Franklin Templeton, HSBC, iShares, JP Morgan, Legal & General, Pimco, State Street, UBS, Vanguard, or WisdomTree, during extended trading hours.
“ETFs are one of the most exciting product classes right now, and so Spectrum is pleased we were able to instantly respond to meet this demand,” said Nicky Maan, CEO of Spectrum Markets.
“This marks a significant milestone for brokers and retail investors throughout Europe, as they can now access a diverse range of ETFs from some of the most recognised providers through Spectrum. We remain committed to listening to our clients’ needs and ensuring they are receiving that in the most secure and transparent way available, as we continue to expand our product set on the venue.”
ICF Bank AG is a German securities trading bank, offering a range of professional services tailored to meet the needs of institutional and corporate clients. The bank’s core offerings include market making, order execution, sales trading, corporate finance, and designated sponsoring.
Collaborating with its subsidiaries, ICF Systems AG and Novis Software GmbH, ICF Bank AG has actively developed and implemented innovative market models and IT technologies.
“We believe that collaborating with Spectrum aligns seamlessly with our international growth strategy,” said Lars Lautenschläger, Managing Director at ICF BANK AG. “With an increasing appetite for liquidity pools across Europe, we look forward to continuing our partnership with Spectrum and expand our business beyond Germany and enter into the wider European markets in the near future.”
