Spectrum Markets, the pan-European trading venue for securities, is partnering with sino AG, the "high-end" online brokerage company based in Germany.
In a statement today (10 September), the wholly owned subsidiary of IG Group said the collaboration marked a significant milestone for sino as it brings extended trading hours to its clients for the first time, facilitated by Spectrum’s advanced 24/5 trading capabilities, and Baader Bank acting as an intermediary.
With over 25 years of experience, sino "aims to deliver the best trading opportunities for every customer and has continued to innovate, in order to provide its clients with a high-end brokerage experience tailored to meet the diverse needs of heavy traders in Germany".
Through this partnership, sino’s clients will now have access to extended trading hours, including after-hours trading in US stocks and other global markets facilitated by Spectrum’s technology.
Both Spectrum and sino are synonymous for their innovation within the financial services sector, the statement said.
Spectrum provides liquidity to global markets across Europe, which will be complemented by sino’s history of "pioneering advancements and commitments to delivering a premium service". This includes offering personalised client support and a robust trading platform, the statement continued, adding that the values of both sino and Spectrum also "align in this pursuit of a superior trading experiences".
Nicky Maan, CEO of Spectrum Markets said: “This collaboration marks an exciting chapter for Spectrum. By joining forces with sino AG, we are expanding our end client reach, offering sino’s book of high-end retail traders a superior hours offering and maximising opportunity in the market.
Neal Feist, chief trader of the sino AG said: “At sino, we are committed to providing an unparalleled brokering experience in all areas to the most demanding heavy traders in Germany. Our partnership with Spectrum represents a significant stride toward enhancing our existing offering. As our clients take advantage of Spectrum’s extended trading hours and liquidity, we remain responsive to their evolving needs, ensuring our product offerings continue to meet these demands.”
Spectrum Markets is a pan-European trading venue for securities aimed at financial institutions and their retail investors. Headquartered in Frankfurt am Main, Germany, and with presence across Europe, Spectrum Markets was designed for "transparency, integration and openness while enabling unparalleled access to the markets beyond traditional trading hours with 24/5 on-venue trading for the first time in Europe".
Since launch in August 2019, securities listed on Spectrum Markets have been made available for retail trading in Germany, Italy, France, Spain, Sweden, Norway, the Netherlands, Ireland and Finland, acting as a MiFID II regulated trading venue authorised and supervised by BaFin.
.
