• ETP enables standardised collection and dissemination of intraday trading information
• Partnership aligns with Spectrum’s ‘plug and play’ technology and infrastructure ecosystem
• European strength and growth ambitions a strong fit for Spectrum
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced today that it will now be even easier for financial institutions to access standardised data associated with instruments issued by Raydius and listed on the exchange, thanks to a new partnership with ETP data systems (ETP).
ETP is an independent expert in dynamic databases with particular expertise in supplying financial information on the Warrants & Certificates market segment. They have a comprehensive repository for France, Belgium and the Netherlands, covering issuers and marketplaces.
By having a single connection with ETP, Raydius has ensured any broker that is connected to this service will be able to consume Raydius product data in a standardised format, making it easier to create regulatory reports and documents such as costs & charges reports.
The direct link with Raydius enables ETP to receive and disseminate intraday information such as Knock Out events for Turbos, and maintain an up-to-date repository at any time, increasing protection for distributors and, ultimately, retail clients against inaccurate or misleading information and reducing the potential for associated litigation costs.
“Building a comprehensive and high-quality ecosystem of technology and infrastructure vendors around our MTF has always been a key priority for Spectrum, especially as our business grows, so we are very pleased to be working with ETP data systems alongside Raydius,” said Michael Hall, Head of Distribution at Spectrum Markets.
“ETP’s strengths enable us to more effectively respond to the specific local needs of key financial institutions around Europe right now, but ETP’s pan-European growth ambitions, scalable infrastructure, EU-issuer connectivity and willingness to embrace new initiatives like our 24/5 trading and intraday issuance makes them a very good fit for us in the longer term too,” he added.
“In the fast-moving world of securitised derivatives trading, we know that having the right information in the right place at the right time is absolutely critical,” notes Nicolas Nordin, Head of Business Development ETP data systems. “We are therefore especially pleased to have been trusted to deliver this service for products that trade across Europe, 24 hours a day, five days a week.”
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.
Regulated by BaFin and MiFID II compliant, 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.
Further information can be found at spectrum-markets.com
Media contact
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Disclaimer
All information contained herein is for information purpose only and addresses exclusively Members of Spectrum Markets and persons interested in becoming a Member of Spectrum Markets. Nothing herein constitutes an offer to sell or a solicitation of an offer to purchase any securitized derivatives listed on Spectrum Markets or any product described herein. Spectrum Markets does not provide financial services, such as investment advice or investment brokering. Prospective retail investors can trade such products only with their brokers. The information herein does not constitute investment advice or an investment recommendation. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Turbo Warrants are complex financial instruments and investors may experience a total loss.