Spectrum Markets, the pan-European trading platform for securitised derivatives, introduced intraday issuance on 1st April. This will allow issuers on Spectrum to react to market movements and offer flexibility around consumer demand. Knock-out warrants, where the barrier may be triggered anytime during the day and thus expire, will now automatically be replaced with newly issued securities within minutes.
Spectrum is the first of its kind to introduce this feature simultaneously across ten European countries. Previously investors outside of Germany and Switzerland had to wait until the next day for new securities to become available again.
The introduction of intraday issuance can be extended to all products traded on Spectrum Markets. It will be available to all issuers and distributors on the platform, which enables them to react within minutes to their clients’ needs.
“During volatile times, it is particularly important to dynamically match supply and demand” commented Nicky Maan, CEO of Spectrum Markets. “Thanks to intraday issuance, new products can now be issued within minutes on our platform, meaning that retail investors can trade according to their risk profile at any time. With the introduction of intraday issuance, we are reacting to the demand of tomorrow’s client, today.”
About Spectrum Markets
Spectrum Markets (Spectrum) 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, offering a new way of dealing for the European retail market. The platform is designed to allow financial institutions and their retail clients 24/5 trading services based on a transparent order book including pre- and post-trade information. Spectrum’s multilateral trading facility already offers a wide range of 'turbo24' products on indices, currencies and commodities and will be extended to other product classes in the near future. Please find further information under spectrum-markets.com
T: +49 69/92037 125