Spectrum Markets has launched exchange traded funds (ETFs) trading for European retail investors on its venue.
Around 1,700 instruments have been added to Spectrum’s product universe from more than 30 fund providers, Spectrum confirmed in a statement.
Nicky Maan
“ETFs are one of the most exciting product classes right now, and so Spectrum is pleased we were able to instantly respond to meet this demand,” said Nicky Maan, CEO of Spectrum Markets.
“This marks a significant milestone for brokers and retail investors throughout Europe, as they can now access a diverse range of ETFs from some of the most recognised providers through Spectrum.”
Retail investors in Europe can now trade ETFs from 8am to 10pm CET issued by global providers including BNP Paribas, Goldman Sachs, Fidelity, Franklin Templeton, HSBC, iShares, JP Morgan, Legal & General, Pimco, State Street, UBS, Vanguard, and WisdomTree, during extended trading hours.
German market maker ICF BANK AG will be the exclusive liquidity provider for ETFs on the venue.
“ICF’s substantial growth in recent years underscores our commitment to innovation and looking at partners that can offer us this,” added Lars Lautenschläger, managing director at ICF BANK AG.
“As a result, we believe that collaborating with Spectrum aligns seamlessly with our international growth strategy. With an increasing appetite for liquidity pools across Europe, we look forward to continuing our partnership with Spectrum and expand our business beyond Germany and enter into the wider European markets in the near future.”