sino AG, a Germany-based high-end retail brokerage company, has partnered with IG Group subsidiary Spectrum Markets to bring extended trading hours to its clients for the first time.
Spectrum Markets is a pan-European trading venue for securities, featuring advanced 24/5 trading capabilities. With Baader Bank acting as an intermediary, sino AG will be able to tap Spectrum’s offering and further elevate its premium service to heavy traders in Germany.
Baader Bank acted as an intermediary between Spectrum and Sino AG
Sino AG offers two different types of trading tools, which enable clients to trade in real-time using a computer or tablet/smartphone: the mobile app sino X2GO and the desktop platform sino MX-PRO. Clients are able to trade stocks, bonds, futures, derivatives, exchange-traded-funds (ETFs), funds, and currencies on the German Stock Exchange XETRA, EUWAX, Euronext, NASDAQ, NYSE and EUREX, among others.
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 cutting-edge technology. 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 personalized client support and a robust trading platform.
Nicky Maan, CEO of Spectrum Markets, commented: “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.”
Baader partnered with Spectrum in July
Baader Bank has become a new trading member of Spectrum Markets, the pan-European trading venue for securities catering to the retail segment, since July. Baader has significantly expanded its retail broker client base in recent years, which will help bolster Spectrum’s presence in Germany.
The Germany-based securities and banking services company will serve as an intermediary, facilitating clients’ trades on Spectrum Markets’ trading venue. Baader’s brokers will gain access to Spectrum’s pioneering technology with simplified connectivity for new trading partners joining Spectrum, which speeds up the onboarding process and reduces unnecessary costs.
Another key driver of the partnership is the growing demand for extended trading hours among Baader clients, which is a trend Spectrum sees gathering momentum across the European retail investment landscape.
Trading via Spectrum enables retail investors to trade outside of traditional hours, thanks to the venue’s 24/5 trading capabilities, while remaining within a regulated trading environment.
Spectrum partnered with UniCredit, Directa, ICE Data Services
In 2023, its fourth year of operation, Spectrum undertook several initiatives and formed new partnerships. The platform welcomed UniCredit Bank GmbH as a member and expanded its range of products available to retail investors. The number of instruments on Spectrum for retail traders in Europe saw a big increase, indicating a broadening of its offerings.
Additionally, Spectrum formed a partnership with Directa, an independent Italian retail broker, and collaborated with ICE Data Services Italy, a subsidiary of Intercontinental Exchange, Inc., to improve the accessibility of its reference data.
Spectrum also joined the German Structured Securities Association and the Italian Association of Certificates and Investment Products, aligning itself more closely with European securities associations.
In 2023, the trading venue saw its trading volume increase by 14% compared to the previous year, with 1.62 billion securities traded in 2023, up from 1.42 billion. This increase in trading volume occurred despite widespread market uncertainties and challenging conditions across the industry.
An interesting takeaway from the third quarter is the shift in trading patterns, with 34% of trades taking place outside of the regular trading hours. In terms of product popularity, indices led the charge with 87.6% of the trades, followed by currency pairs, commodities, equities, and cryptocurrency-based products. The DAX 40, NASDAQ 100, and S&P 500 emerged as the top-traded underlying assets.
Headquartered in Frankfurt, Germany, Spectrum Markets offers 24/5 trading and innovative products like Turbo24. It operates under MiFID II regulations, supervised by BaFin, and focuses on transparency, integration, and openness. Additionally, Spectrum publishes SERIX, a pan-European retail investor sentiment index.
Spectrum Markets is a subsidiary of IG Group and aims to enhance the trading experience for retail investors in Europe, offering a range of products and services tailored to their needs.
