24/5 Trading Comes to Germany as Baader Partners with Spectrum

Tuesday, 23/07/2024 | 06:55 GMT by Damian Chmiel
  • The new deal expands access to extended trading hours and diverse financial products for German retail investors.
  • Both companies aim to meet the growing demand for round-the-clock trading capabilities in Europe.
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Spectrum Markets, the pan-European securities trading venue, announced today (Tuesday) that Baader Bank has become its newest trading member. This partnership will expand Spectrum's presence in Germany while providing Baader's growing retail broker client base with access to extended trading hours and a wider range of financial products.

Baader Bank Joins Spectrum Markets as New Trading Member

Baader Bank, a provider of securities and banking services in Europe with over four decades of experience, will serve as an intermediary, facilitating client trades on Spectrum's trading venue. This collaboration comes as demand for round-the-clock trading capabilities continues to rise among European retail investors.

Spectrum Markets' last-year reports showed that one in three of all transactions (32.3%) occurred after hours. Investors no longer want to trade only during set hours, and more companies, including eToro, Robinhood, and Interactive Brokers, are introducing extended trading times.

Spectrum Markets CEO, Nicky Maan
Spectrum Markets CEO, Nicky Maan

“Through Baader, brokers will enjoy access to a broader range of products, during extended hours, on a regulated trading venue,” said Nicky Maan, CEO of Spectrum Markets. “We are seeing a global shift in demand for round-the-clock trading, and this partnership means that Spectrum can tap into Baader’s extensive network but also expands our presence in Germany.”

The partnership is expected to benefit German retail investors by providing access to Spectrum's features, including 24/5 trading capabilities within a regulated environment. Baader's brokers will gain simplified connectivity to Spectrum's platform, streamlining the onboarding process and reducing costs.

Spectrum Markets, headquartered in Frankfurt am Main, has been expanding its presence across Europe since its launch in August 2019. The company operates as a MiFID II regulated trading venue authorized and supervised by BaFin, offering a range of financial instruments to retail investors in multiple European countries.

Spectrum Expands Collaboration with German Institutions

Spectrum Markets is not new to collaborating with German institutions. Just a month ago, the company incorporated funds from more than 30 international fund providers, enhanced by liquidity from German ICF BANK AG. This addition included over 1700 new ETFs, once again extending trading hours for retail investors.

Earlier in the year, Spectrum also partnered with the Frankfurt-based Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen, bwf). By aligning with bwf, Spectrum Markets seeks to offer its insights into discussions that shape the future of the investment sector, focusing on forthcoming national and European regulatory and legislative initiatives concerning financial services and capital markets

Spectrum Markets, the pan-European securities trading venue, announced today (Tuesday) that Baader Bank has become its newest trading member. This partnership will expand Spectrum's presence in Germany while providing Baader's growing retail broker client base with access to extended trading hours and a wider range of financial products.

Baader Bank Joins Spectrum Markets as New Trading Member

Baader Bank, a provider of securities and banking services in Europe with over four decades of experience, will serve as an intermediary, facilitating client trades on Spectrum's trading venue. This collaboration comes as demand for round-the-clock trading capabilities continues to rise among European retail investors.

Spectrum Markets' last-year reports showed that one in three of all transactions (32.3%) occurred after hours. Investors no longer want to trade only during set hours, and more companies, including eToro, Robinhood, and Interactive Brokers, are introducing extended trading times.

Spectrum Markets CEO, Nicky Maan
Spectrum Markets CEO, Nicky Maan

“Through Baader, brokers will enjoy access to a broader range of products, during extended hours, on a regulated trading venue,” said Nicky Maan, CEO of Spectrum Markets. “We are seeing a global shift in demand for round-the-clock trading, and this partnership means that Spectrum can tap into Baader’s extensive network but also expands our presence in Germany.”

The partnership is expected to benefit German retail investors by providing access to Spectrum's features, including 24/5 trading capabilities within a regulated environment. Baader's brokers will gain simplified connectivity to Spectrum's platform, streamlining the onboarding process and reducing costs.

Spectrum Markets, headquartered in Frankfurt am Main, has been expanding its presence across Europe since its launch in August 2019. The company operates as a MiFID II regulated trading venue authorized and supervised by BaFin, offering a range of financial instruments to retail investors in multiple European countries.

Spectrum Expands Collaboration with German Institutions

Spectrum Markets is not new to collaborating with German institutions. Just a month ago, the company incorporated funds from more than 30 international fund providers, enhanced by liquidity from German ICF BANK AG. This addition included over 1700 new ETFs, once again extending trading hours for retail investors.

Earlier in the year, Spectrum also partnered with the Frankfurt-based Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen, bwf). By aligning with bwf, Spectrum Markets seeks to offer its insights into discussions that shape the future of the investment sector, focusing on forthcoming national and European regulatory and legislative initiatives concerning financial services and capital markets

About the Author: Damian Chmiel
Damian Chmiel
  • 1873 Articles
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About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 1873 Articles
  • 41 Followers

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