Spectrum Markets - A better way for retail trading
Aggiornato al 23 novembre 2023
Spectrum Markets is a new trading venue built specifically for the needs of today’s retail investor, designed around fairness, openness, and transparency.
Spectrum Markets was launched in October 2019 and has reimagined the world of retail trading and has the investor at the forefront of innovation. Developing streamline integration for quicker listings, meaning products are available within minutes, increasing efficiency for all. They are proud to be the pioneers who introduced 24-hour trading access, unlocking global markets for investors to take action whenever an opportunity arises.
Thanks to Spectrum Markets, you can now trade 24 hours a day, 5 days a week, through your Directa account on turbos.
Trade a focused range of highly liquid and diversified products on Spectrum Markets, including the most popular underlyings in Indices, FX, Commodities, Equities, Cryptocurrencies.
A HISTORY OF DOING MORE
Spectrum Markets has re-shaped the market through a series of world-firsts. The introduction of intraday issuance creates more opportunities to find the right product at the right time, with products available to trade over extended trading hours, empowering you to trade more freely and to flexibly manage your portfolio. The introduction of trading on new asset classes such as crypto-assets alongside some of the most popular indices, equities, commodities and currencies. Spectrum Markets is committed to always being at the leading edge of technological development and creating new possibilities for you to trade.
Trading Fees
| € 2* per trade |
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| * Promotion valid until 12/31/2023, thereafter € 5 per trade |
Trading Hours
| TURBO24 on Indices, FX, Commodities and Cryptocurrencies |
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| Trading Continuous from 11:00 PM on Sunday to 11:00 PM on Friday Daily technical closure: from Monday to Thursday, 5 minutes from 11:00 PM to 11:05 PM |
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| TURBOs on Equities * |
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| TURBOs on Equities - GERMANY |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - FRANCE |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - ITALY |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - NETHERLANDS |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - SPAIN |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - UK |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:30 PM |
| TURBOs on Equities - SWEDEN |
Trading Continuous: Monday to Friday, from 9:00 AM to 5:25 PM |
| TURBOs on Equities - USA |
Trading Continuous: Monday to Thursday, from 10:00 AM to 2:00 AM (following day) Friday, from 10:00 AM to 11:00 PM |
| TURBOs on Equities - HANG-SENG |
Trading Continuous: Monday to Friday, from 3:15 AM to 9:00 PM |
* Turbo Certificates with underlying equities In the event of special operations on the capital of the underlying asset - such as Capital Increases, Spin-offs or Mergers, Stock Splits, or Reverse Stock Splits - the certificates will be redeemed one day before the ex-date, at the closing market price of the underlying asset.
For example, in the case of a Stock Split with an ex-date of 22/11, the redemption will take place on T+5, and the instrument will be liquidated at the closing price of the underlying asset on 21/11.
Real-time Market Data
| 5 level Book free for Individual Customer (retail) and for Companies and Financial Operators (professsional) |
Products
TURBOs
Turbos are tradable on Spectrum Markets and issued by Raydius: these are leveraged products whose value is based on the price of an underlying asset which allow you to invest on upside and downside trends. They are open ended and only mature if the knock-out barrier is reached or surpassed.
The price of this product tracks the movement of the underlying on an almost one-to-one basis (adjusted to the multiplier), with a leverage effect. What’s more, outside traditional market hours the knockout level cannot be triggered, meaning greater control and opportunity in trading.
Raydius products are available on hundreds of underlyings, including Indices, FX, Commodities, Equities, Cryptocurrencies.
SPECTRUM EUROPEAN INVESTOR INDEX (SERIX®)
TOOLS TO HELP YOU GO FURTHER
Developed by Spectrum Markets, the SERIX® is a pan-European client sentiment that informs as to whether retail investors have speculated on a rising or falling market. SERIX® is measure based on real trades made by retail investors across Europe. You can use the SERIX® to compare how sentiment has changed (in terms of directionality or strength of sentiment) over time on a monthly basis.
- A transparent view of investor expectation based on real retail investors’ trades
- Insight into month-on-month trends at a glance
Underlying FTSE
The SERIX® calculation is centred around 100. An index figure above 100 represents a bullish sentiment where more investors expect a rising market. An index figure below 100 represents a bearish sentiment where more investors expect the market to fall.
Visit Spectrum Markets’ Newsroom to read the latest SERIX® figures and analysis.
RESULTS
By the end of their third full year of operation, Spectrum Markets had witnessed a staggering 147% year-on-year increase in order book turnover with over € 3bn traded during 2022.
- OCT 2019 - Spectrum Markets launched
- APR 2020 - Spectrum Markets introduces first of its kind intraday issuance
- 100 million securitised derivates traded
- SEP 2020 - 1 million trades exceeded
- JAN 2021 - 500 million securitised derivatives traded
- APR 2021 - Spectrum Markets sustainability pledges launched
- MAY 2021 - Customised stop orders introduced on Spectrum Markets
- JUN 2021 - SERIX® launched
- SEP 2021 - One billion securitised derivatives traded
- Turbo equities listed on Spectrum Markets
- FEB 2022 - 5 million trades
- May 2022 - Spectrum Markets introduced the first European on-venue 24-hour turbo trading on cryptocurrencies
- DEC 2022 - 3 billion order book turnover traded during 2022
- SEP 2023 - Directa joins Spectrum Markets as a Member
What is a Multilateral Trading Facility (MTF)
A Multilateral Trading Facility (MTF) is an alternative trading venue where financial instruments are exchanged.
Brokers, market makers, banks, hedge funds and asset managers can connect to MTFs directly, becoming "members". MTFs are described as "multilateral" because they have multiple members and users that are capable of interacting with each other to set prices.
MTFs operate under the European Union's Markets in Financial Instruments Directive II (MiFID II), which stipulates that financial instruments traded via an MTF must be exchanged on a "non-discretionary basis". This means that contracts between buyers and sellers must be formed according to a set of transparent rules that do not discriminate between members or their clients.
MTFs offer a level playing field for all market participants. If a user wants to buy an instrument at a certain price, they’ll be able to do so if a corresponding sell interest is available in the system with sufficient liquidity at the same time. Multilateral trading facilities are independent of any buying and selling interests, and simply connect the two to execute trades.
How does an MTF works
A Multilateral Trading Facility works according to a published rulebook, which sets out how and when trades will be executed. They are normally underpinned by software that follows the given rulebook and matches buyers and sellers according to the orders and quotes that are entered into the system.
Multilateral trading facilities are also required to provide pre- and post-trade transparency. The volume available at each spread is visible at all times, enabling the user to find the best possible price before they place an order. Post-trade, users can see the time, price and volume of all trading activity on the MTF. These details can be downloaded for any time period.