LIST will build core connectivity adapters that brokers and market makers can use to easily connect to Spectrum’s trading and execution infrastructure, instead of establishing multiple two-way connections.
Spectrum Markets has partnered with international trading solutions specialist LIST to increase connectivity options for Spectrum members, including brokers and market makers.
This is the latest step in a series of agreements aimed at expanding the ecosystem of local technology partners. LIST will focus first on the development of the connectivity adapter for brokers, followed by the adapter for market makers.
Spectrum seeks to ensure that it delivers a “plug and play” solution that most effectively meets the local needs of financial institutions across Europe.
Christophe Grosset, Sales Director for Europe at Spectrum Markets, said: “When we first designed Spectrum as a better way for European investors to trade derivatives, it was clear that making the connection as easy as possible membership at the site was going to be a key priority.
“We are therefore delighted to be working with LIST, a company that has been trusted by many leading financial institutions in Europe for years, but which also has the expertise and ambition to work with a modern and open pan-European stock exchange. 24 hours a day like Spectrum. “
Mirko Marcadella, Director of Product and Marketing at LIST, commented: “Spectrum’s offering is a natural fit for many of our customers, and we are very happy to be working with them to make the connection to the site as smooth as possible. We look forward to developing this relationship, in Italy and beyond, in the months and years to come. “
Spectrum recently crossed the billion mark in securitized derivatives traded on the platform since its launch almost two years ago.
New users as well as increased trading activity, especially among younger traders and those looking to take advantage of higher levels of market volatility, have fueled growth that exceeds 170% year-over-year.
Spectrum Markets allows investors to take advantage of its 24/5 offer. More than a third of all exchanges take place outside of traditional hours.
The Frankfurt-based MTF operator is focused on listing a smaller selection of the most popular products, providing much more focused trading activity across the range.
The average benchmark trading for products listed on Spectrum is double-digit multiples higher than broader European industry averages for similar instruments, the company said.
“I am delighted to have reached this milestone in less than two years, and it is a real testament to the hard work of our team and the clear demand from European retail investors for a better way to trade,” said Nicky Maan, CEO of Spectrum Markets at the time.
“We have certainly been helped by high levels of volatility and the number of new traders entering the markets during the pandemic, but more generally our overall growth strategy is on track and we look forward to ramping up in the months and the years to come as brokers, issuers and technology partners join us in this adventure.