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The pan-European trading venue for securitized derivatives known as Spectrum Markets recently became an associate member of the Italian Association of Certificates and Investment Products (ACEPI). In doing so, the company became the first Multilateral Trading Facility (MTF) to align itself with ACEPI.
In addition, the move also allowed Spectrum to showcase its pioneering approach to collaborative industry advancements.
Joining ACEPI is meaningful for Spectrum, says CEO
By becoming an associate member with ACEPI, Spectrum highlighted its dedication to bringing greater transparency and support to retail investors — particularly those in the structured retail products market. Its participation in ACEPI’s committees will also allow it to contribute to the development and establishment of new industry standards.
One of the firm’s goals is to help elevate investor education and, in doing so, ensure their protection in the securitized derivatives market. Its new position will be a big help in working toward achieving that goal.
Within the European continent, Germany is the leader when it comes to the securitized derivatives market, but Italy follows as the second largest market in the area. Spectrum’s collaboration with ACEPI will also allow the company to pursue its interest in understanding how the industry accepts innovation and change in this market, and possibly even influence it.
Spectrum’s CEO, Nicky Maan, commented on the collaboration, stating that joining forces with a leading association such as ACEPI is a very meaningful step for his company. He also sees it as a confirmation of his firm’s dedication to fostering transparency, advocating for industry interests, and supporting retail investors.
Furthermore, he added that the membership — which came soon after Spectrum’s announcement of being a supporting member of the German Association for Structured Securities (BSW) — further reinforces the company’s effort to take an active role in the new changes that the sector is experiencing.
Maan also pointed out that Italy is the second-largest securitized derivatives market in Europe, and as a result, it is important for Spectrum Markets to see how the industry embraces changes and innovation.
Spectrum Market will bring a new and different perspective to ACEPI
As for ACEPI, it was established in 2006 with a focus on promoting responsible use and understanding of investment products. The Association consists of numerous members, some of the key entities being Banca Cesare Ponti, Lentwq, Banca Akros, UniCredit, Mediobanca, Societe Generale, and others.
Over the course of the past 17 years, ACEPI worked with a number of market management companies, it participated in regulatory debates and discussions, and it conducted financial education programs for bankers and financial advisors using accredited online courses.
Its president, Nicola Francia, commented that he is pleased to see the growth and progression of the Association. He added that welcoming Spectrum Markets as its newest member is a gratifying step forward, and it confirms the leading role that ACEPI has achieved in the financial industry.
He also praised the firm for its contribution, which introduces a new, and significantly different perspective, which will bring further value to the Association.
