“The regulatory challenges are constantly increasing, but the introduction of 24/5 turbo trading for cryptocurrencies at the beginning of May alone, as the first European trading venue, shows how far Spectrum has come here.”
Spectrum Markets has appointed Ilja Rempel as Head of Risk to monitor and promote all aspects of the risk control environment, including governance, communication, maintenance and development of the risk framework.
The new Head of Risk at the Frankfurt-based pan-European trading venue for securitised derivatives will directly report to Dr. Alpay Soytürk, Chief Regulatory Officer.
Besides overseeing and developing the key risk management control functions, he will be in charge of maintaining the local risk strategy of Spectrum MTF Operator GmbH, a trading venue that caters to financial institutions and their retail investors and operates 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.
Ilja Rempel to ensure Spectrum meets all regulatory and risk requirements
Ilja Rempel joins Spectrum Markets from Julius Baer, where he was Risk Manager for nearly one year. Prior to that, he worked for four years in Risk Control at UBS Europe SE.
His extensive experience in the investment and finance industry with a focus on financial sector regulation and risk management includes past roles at Bank J. Safra Sarasin and KPMG.
Nicky Maan, CEO of Spectrum Markets, said: “We are certain that Ilja Rempel, with his comprehensive expertise in the risk area, will further advance our business in Germany. This will ensure that our unique open system, which provides private investors with a wide range of products, transparent control and stability when trading securitised derivatives through their brokers, always meets all regulatory and risk requirements so that we can continue to grow at this high pace.
“I am very pleased to join this innovative, high-tech trading venue. The regulatory challenges are constantly increasing, but the introduction of 24/5 turbo trading for cryptocurrencies at the beginning of May alone, as the first European trading venue, shows how far Spectrum has come here.”