- By joining ACEPI, Spectrum furthers its commitment to collaborate closely with securitised derivatives associations in Europe.
- Since 2006, ACEPI has brought together the main operators in the sector, currently representing over 90% of the primary market for certificates in Italy.
- As a member of ACEPI, Spectrum Markets will bring its contribution on legal, marketing and products related activities.
Spectrum Markets (“Spectrum”), the pan-European trading venue for securitised derivatives, has become associate member of the Italian Association of Certificates and Investment Products (ACEPI), reinforcing its commitment to enhance knowledge, transparency and investor protection around structured retail products. Spectrum is the first MTF to join the Association, confirming its pioneering approach in strengthening the industry advancements through a collaborative approach.
ACEPI represents major issuers and stakeholders in the Italian securitised derivatives industry, aiming to foster the culture and conscious use of investment products, with a particular focus on certificates. Established in 2006, ACEPI engages in regulatory discussions and actively works to enhance education among financial advisors and private bankers. By participating in ACEPI’s committees, Spectrum aims to contribute to the development of industry standards that prioritize investor education and protection.
“Joining forces with a leading association such as ACEPI is a meaningful step forward for us, proving our dedication to fostering transparency, supporting retail investors, and advocating for industry interests. This membership, which follows the announcement of Spectrum being a supporting member of the German Association for Structured Securities (BSW – Bundesverband für strukturierte Wertpapiere) reinforces our effort to be an active part of the change. After Germany, Italy is the second largest securitised derivatives market in Europe and it is very important for us to see how the industry is embracing innovation and change”, comments Nicky Maan, CEO of Spectrum Markets.
“I am pleased to see the growth progression of our Association. Welcoming Spectrum Markets among the newest members is a gratifying step forward, confirming the leading role achieved by ACEPI in the financial industry. Their contribution introduces a different and innovative perspective that will bring further value to the Association’s initiatives aimed at promoting the culture and conscious use of investment certificates”, concludes Nicola Francia, President of ACEPI.
Established in 2006, ACEPI (the Italian Association of Certificates and Investment Products) aims to foster the culture and conscious use of investment products, with a particular focus on certificates. The main members are the issuers Banca Akros, Banca Cesare Ponti, BNP Paribas, Intesa Sanpaolo, Leonteq, Mediobanca, Société Générale, UniCredit, Vontobel, which adhere to a set of rules (www.decalogue.acepi.it) to ensure a high degree of transparency and product information, and the distributors Fideuram, Intermonte. The Honorary Members are AIBE and AIPB.
The Association collaborates with market management companies, participates in regulators’ regulatory discussions (www.legal.acepi.it) and carries out intensive financial education activities (www.training.acepi.it ) for financial advisors and private bankers, through seven free online courses accredited by EFPA Italia and CFA Society Italy.
ACEPI collects quarterly data and statistics on the primary and secondary market (www.statistics.acepi.it). The website www.acepi.it/en provides educational material on how to approach certificates (www.education.acepi.it ), as well as the ACEPI Certificate Map (www.map.acepi.it ), adopted by Borsa Italiana, which classifies the types of certificates present on the Italian market, and an online search engine for certificates issued by Members, the Certificate Selector (www.selector-eng.acepi.it).
About Spectrum Markets
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, Spectrum Markets uses a uniquely open architecture, allowing intermediaries and product providers to offer to retail investors a unique trading experience with increased choice, control and stability.
Being an MTF (Multilateral Trading Facility), Spectrum Markets provides access to innovative products designed to give European retail traders flexibility and control over their trades. This includes Turbo24, the world’s first 24-hour turbo warrant.
Through the pan-European ISIN, 24/5 trading services, intraday issuance and a fully proprietary venue, Spectrum Markets enables a guaranteed baseline level of liquidity over a range of products, is able to swiftly and safely match a significant number of orders, and to process messages with a low latency.
Spectrum Markets publishes SERIX® – the Spectrum European Retail Investor Index – a pan-European client sentiment that informs as to whether retail investors have speculated on a bullish or bearish view on a specific underlying. SERIX® is a measure based on trades made by retail investors across Europe which can be used to compare how sentiment has changed (in terms of directionality or strength of sentiment) over time on a monthly basis.
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