Spectrum Markets, an IG Group-owned exchange that is primarily for derivatives trading, announced on Wednesday that it has formed a new partnership with Baader Bank, a German investment bank.
The agreement means that Baader Bank will act as an intermediary, connecting its clients to Spectrum’s exchange.
“The team at Spectrum is delighted to join forces with Baader Bank, as it underscores our commitment to providing European retail investors a superior trading experience compared to other market players,” said Spectrum Markets CEO Nicky Maan.
“Through Baader, brokers will enjoy access to a broader range of products, during extended hours, on a regulated trading venue. We are seeing a global shift in demand for round-the-clock trading, and this partnership means that Spectrum can tap into Baader’s extensive network but also expands our presence in Germany.”
Baader Bank already provides services to different brokers and asset managers. German retail broker Scalable Capital, for example, uses Baader Bank to provide a lot of the services it gives to end customers.
The partnership is likely to mean that Baader Bank will try to connect these types of B2B clients to Spectrum.
In a statement, Spectrum Markets also noted that Baader Bank’s clients have expressed interest in 24/5 trading, which Spectrum offers.
