Spectrum Markets to Offer Reference Data in Italy, Other Countries to Follow

Spectrum Markets, the pan-European trading venue for securitized derivatives, has announced a strategic collaboration with ICE Data Services Italy, an Intercontinental Exchange, Inc. subsidiary.

The collaboration between Spectrum Markets and ICE Data Services Italy seeks to deliver Spectrum's data to ICE Data Services Italy's clientele, along with financial news and information websites. This development represents a substantial step forward in Spectrum's ongoing endeavors to refine its plug-and-play exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term infrastructure.

Spectrum Markets Partners with ICE Data Services Italy

Initially launching in Italy, the collaboration will encompass Spectrum's reference data, with the possibility of integrating other data streams, such as real-time market information in the future. As the partnership expands, other regions across Europe will be included. ICE Data Services Italy is the latest addition to Spectrum's growing ecosystem of data and connectivity partners, which already comprises LIST and SIA (part of Nexi Group).

The CEO at Spectrum Markets, Nicky Maan, emphasized the company's commitment to constantly enhancing and evolving its infrastructure and service offering by actively listening to customer needs.

"The collaboration with ICE Data Services Italy is the latest step in this continuing journey," Maan commented. "We are really pleased to be working with them to make it even easier for members to access our plug-and-play infrastructure."

In addition, Spectrum Markets recently partnered with Societe Generale (SocGen), which became a market maker and liquidity provider for new instruments added to the company's offering. SocGen introduced vanilla warrant products and a range of daily constant leverage instruments, making these accessible to retail investors in Scandinavia and Spain via their respective banks or brokers.

ICE and Spectrum Markets Look for New Audiences in Europe

ICE Data Services Italy compiles, refines, and systematizes extensive, top-quality reference and business entity information for various asset classes. The company offers value-added services through a data feed for back-middle office applications or an online browser that enables clients to search, design reports, and perform analyses.

Michele Giacomin, ICE Data Services' Head of Southern Europe Market Development, expressed excitement about working with Spectrum Markets to improve access to its trading venue and data. Giacomin also noted the potential to bring more data to new audiences around Europe, as businesses increasingly seek diverse and comprehensive sources of data and insight.

Spectrum Markets, headquartered in Frankfurt am Main, Germany, operates as a MiFID II MiFID II MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina MiFID II stands for the Markets in Financial Instruments Directive, and is the second iteration of a sweeping directive. As such it is known as MiFID II. The original Markets in Financial Instruments Directive (MiFID) became effective in November 2007. It was intended as the foundation of the EU’s Financial Services Action Plan, a comprehensive project to create a single European market in financial services. MiFID is intended to create a level playing field for firms to compete in the EU’s fina Read this Term regulated trading venue under the authorization and supervision of BaFin. The exchange provides investors with greater choice, control, and stability through its open architecture system, pan-European ISIN, proprietary venue, and 24/5 trading services.

Spectrum Closed Record 2022

The securitized derivatives trading provider based in Germany experienced a record-breaking year in 2022 with a surge of 147% in its order book turnover, reaching €3.33 billion. During the same period, trading volume increased 68%, rising from 848 million in 2021 to 1.42 billion.

In its full-year trading results shared with Finance Magnates, Spectrum Markets reported nearly 3.5 million trades executed in 2022, marking its third full calendar year in operation.

The exceptional performance of Spectrum Markets in 2022 is demonstrated by its quarter-over-quarter (QoQ) growth. The pan-European platform witnessed an increase of 188% in trading turnover during the first quarter, reaching €771 million, followed by a boost of 14% QoQ to €879 million in the second quarter. Despite a decline of 5% in turnover to €836 million in the third quarter, the platform regained momentum in the fourth quarter, achieving €842 million in turnover.