Spectrum Markets welcomes Societe Generale as a new issuer of listed securitised derivatives to be offered in Spain and the Nordic countries
- Spectrum Markets has used its flexible digital architecture to increase capacity by five times to accommodate additional volumes in a single, unique order book
- With Societe Generale, Spectrum will significantly increase the number of financial instruments available to investors in Finland, Norway, Sweden and Spain and offer a greater diversity of underlyings to invest in
- This new venue membership will allow Societe Generale to access new retail investors in these countries
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced today it is welcoming Societe Generale as a new member, acting as liquidity provider and market maker of newly issued financial instruments. The global financial services firm will initially issue and request admission for a series of daily constant leverage products and vanilla warrant products on Spectrum Markets, making these available to retail investors in Finland, Norway, Sweden and Spain via their broker or bank.
Societe Generale aims to list several thousand instruments on the venue, based on client demand in these countries, and could expand its offering into other retail investment products in future.
Spectrum has scaled up its flexible infrastructure to handle the additional volume of order flow and quote data, increasing capacity by over 400%.
Like for any other market maker, Spectrum will manage a unique, international order book for each individual instrument listed by Societe Generale. These instruments will be publicly offered in Finland, Norway, Sweden and Spain, taking advantage of Spectrum’s pan-European trading infrastructure and consolidating trading volumes across countries.
The announcement marks a significant next step for Spectrum’s strategy of hosting a focused suite of products linked to the most actively traded underlyings by offering more options on the type and duration of investment.
Following its acquisition and successful integration of the Commerzbank’s Equity Markets and Commodities business in 2020, Societe Generale is a leading issuer of exchange-traded investment products in Europe, with more than 30 years of know-how in derivatives. Issuer of the first warrant on the Paris stock exchange in 1989, the bank has always been at the forefront of innovation in this industry, with strong structuring and market-making capabilities and a large range of products and services well-suited to the needs of retail investors.
“We’ve always said we want to list only those products that are most interesting for European retail investors, focusing on what they are actually going to use, and the new products from Societe Generale certainly fit that mould. Offering more investment options in terms of duration, as well as underlyings, is a priority for us going forward, and we expect this to significantly contribute to trading volumes and liquidity” explains Nicky Maan, Spectrum Markets CEO.
“Spectrum Markets’ reach and expanding retail investor base, as well as the extended trading hours on a state-of-the-art order matching model, make them an attractive partner for us as we grow our listed securitised derivatives business internationally,” said Didier Imbert, Head of Public Distribution Europe for Societe Generale.
END
- Picture is available at AP Images (http://www.apimages.com) –
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.
Acting as a MiFID II regulated trading venue authorised and supervised by BaFin, 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 atspectrum-markets.com
Media contact
Liminal
T: +44 203 778 1103
E-Mail:vasiliki@liminalcommunications.com
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.
Images
About news aktuell GmbH
As wholly owned subsidiary of dpa, news aktuell provides business and organizations with effective access to media and consumers. Via the smart tools ots and zimpel, PR content accesses all media formats, including classical print, high click-rate online portals and social networks. In addition, news aktuell publishes all its customers’ PR content on www.presseportal.de, one of the PR portals with the greatest reach in Germany. By this means, all the relevant multipliers are reached globally, from editors, via digital influencers right up to specialist bloggers and interested consumers. news aktuell has been on the market since 1989. The company, with a staff complement of more than 135, has its headquarters in Hamburg. Other offices are in Berlin, Dusseldorf, Frankfurt und Munich.
Subscribe to releases from news aktuell GmbH
Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from news aktuell GmbH
New management for the EUTOP Group22.4.2024 10:24:58 CEST | Pressmeddelande
Stefan Mappus is the new Managing Director of the EUTOP Group. Together with long-standing Managing Director Christian Schaufler, he will manage the fortunes of the Group from now on. Stefan Mappus is responsible for EUTOP's client business as a member of the management board and thus brings his wealth of experience in politics, administration and business directly to the benefit of EUTOP's clients.
Additional partnership in medical technology: Bosch and R-Biopharm to strengthen Vivalytic analysis platform18.4.2024 10:15:00 CEST | Press release
Plans to use innovative Bosch BioMEMS technology in PCR tests for multiresistant bacteria
Elatec Brings Employee Badge for Apple Wallet to Users17.4.2024 08:30:00 CEST | Press release
Munich, April 17, 2024 – Elatec today announced it is bringing employee badge in Apple Wallet to its customers, enabling an organization’s employees or tenants to unlock access to locations and devices with a simple tap of their iPhone or Apple Watch. Powered by Elatec’s Mobile Credential Manager software, which works hand-in-hand with Elatec’s universal RFID readers, this brings together the world’s most powerful and versatile readers with the best mobile access system available. Employee badge in Apple Wallet helps deliver a convenient and contactless experience for users. Once enabled, employee badge in Apple Wallet allows users to seamlessly and securely add their employee badge to Apple Wallet, and hold their iPhone or Apple Watch near an NFC reader to unlock office doors, turnstiles, elevators and key card-protected amenity spaces — eliminating the need to open an app or present a traditional, plastic access key. With Express Mode, employees do not need to unlock their device to
Severe Vulnerabilities Discovered in Software to Protect Internet Routing11.4.2024 16:51:22 CEST | Pressmeddelande
A research team from the National Research Center for Applied Cybersecurity ATHENE led by Prof. Dr. Haya Schulmann has uncovered 18 vulnerabilities in crucial software components of Resource Public Key Infrastructure (RPKI). RPKI is an Internet standard meant to protect Internet traffic from being hijacked by hackers. By now, all affected vendors provided patches for their products. The vulnerabilities could have had devastating consequences: Internet hijacks have already been exploited, e.g., for phishing passwords and other sensitive information, tricking certificate authorities into issuing fraudulent Web certificates, stealing cryptocurrency, distributing malware, and poisoning caches of DNS servers.
Dr. Reddy's subsidiary betapharm, and Theranica launch Nerivio® in Germany to provide patients with drug-free migraine treatment10.4.2024 11:00:00 CEST | Press release
The launch in Germany through its step-down subsidiary betapharm marks Dr. Reddy's entry into digital therapeutics in Europe. Nerivio® is the first REN (wearable, FDA-cleared, and CE-marked for acute and/or prevention migraine (with or without aura) treatment for adults and adolescents (≥ 12 years). Nerivio® is worn on the upper arm during treatment and controlled by a smartphone app, making it comfortable and portable. Starting with Germany, followed by Spain and the UK, Dr. Reddy's plans to further increase access to Nerivio® in European countries.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom