Spectrum Markets Joins Forces with Leading German Investment Group in 2024

<p>The
pan-European trading venue for securities, Spectrum Markets, has become the
first company to join the Frankfurt-based Federal Association of Investment
Firms (Bundesverband der Wertpapierfirmen, bwf) as a new member this year.
Spectrum Markets, which is based in Frankfurt, operates an electronic trading
platform across Europe.</p><p>Spectrum Markets Joins
Leading German Investment Industry Association</p><p>Spectrum
Markets stated that this membership reflects its commitment to better regulatory alignment, transparency, and investor protection in Germany's securities industry, the largest in Europe.</p><p>By joining
bwf, Spectrum Markets aims to contribute its perspectives to discussions
shaping the future of the investment industry, particularly around upcoming
national and European regulatory and legislative projects related to financial
services and capital markets.</p><p>"Joining
forces with a leading association like bwf reflects our commitment to fostering
better and more transparent practices, advocating for regulatory alignment, and prioritizing investor protection," said Nicky Maan, the CEO of <a href="https://www.financemagnates.com/tag/spectrum-markets/" target="_blank" rel="follow">Spectrum
Markets</a>.</p><p>The bwf
represents and promotes the common professional interests of over 100
investment firms and institutions in Germany. Spectrum Markets is the first
company to join the association in 2024. This latest membership builds on
Spectrum Markets' existing involvement with other European industry groups,
including the Italian Association of Financial Market Intermediaries, the German Structured Securities Association, and the Italian
Association of Certificates and Investment Products.</p><p>Michael H.
Sterzenbach, the Secretary General of bwf, welcomed Spectrum Markets:
"Their innovative perspective and dedication to investor welfare align
perfectly with our commitment to promoting transparent investment
practices."</p><p>Spectrum Markets Caps Off
Milestone Year</p><p>Spectrum
Markets concluded a banner year in 2023 with several fourth-quarter
achievements. This included unprecedented trading volumes in October, record
order book turnover for the second fiscal quarter, and new membership in a
leading Italian investment association.</p><p>In October
2023 alone, Spectrum Markets <a href="https://www.financemagnates.com/forex/news-nuggets-15-november-litefinances-gold-quote-error-spectrums-record-volume/" target="_blank" rel="follow">facilitated the exchange of 179 million
securitized derivatives</a>, its highest-ever monthly volume. Thirty-four percent
of these trades notably occurred outside traditional trading hours. Index-based
instruments tied to the DAX 40, S&amp;P 500, and NASDAQ 100 represented a
significant portion of the derivatives' activity.</p><p>Spectrum
Markets sustained this momentum into the full quarter, as order book turnover
grew 10% year-over-year <a href="https://www.financemagnates.com/institutional-forex/one-in-three-trades-occurs-after-hours-spectrum-markets-q3-report-reveals/" target="_blank" rel="follow">to reach €921 million</a>. This milestone marked Spectrum
Market's second-best fiscal quarter ever. Compared to Q2 2023's 340 million
traded derivatives, the platform saw a boost of 5% in trading volume this
quarter, with 421 million securitized derivatives exchanged.</p><p>Beyond the
trading surge, Spectrum Markets in December became the first Multilateral
Trading Facility to join <a href="https://www.financemagnates.com/institutional-forex/acepi-embraces-spectrum-markets-as-the-first-mtf-associate/" target="_blank" rel="follow">the Italian Association of Certificates and Investment
Products</a> as an associate member. This alignment cements Spectrum Market's
pioneering position in collaborative European securities industry growth.</p>

This article was written by Damian Chmiel at www.financemagnates.com.