• 300 million securitised derivatives traded in Q1 2022 compared to 207 million in Q1 2021
• Most traded underlyings were DAX 40, S&P 500 and NASDAQ 100
• Strong momentum on turnover, with an increase of 188% on previous year
Spectrum Markets, the pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing continued positive momentum as its business matures.
First-quarter trading volume grew by 44% year-on-year. 300 million securitised derivatives were traded on the exchange from January to March, compared to 207 million during the same period the previous year, underlining the firm’s continued strong growth.
Spectrum Markets also reported on the total value of turnover, which hit €771 million for the first quarter, an increase of 188% on Q1 2021. Daily trading volumes have continued to increase steadily during the period, hitting a new daily high on 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine.
Since the start of the year Spectrum has announced several important initiatives and milestones, including key connectivity partnerships with SIA (now part of Nexi Group) and Euronext Securities Milan, the Central Securities Depository (CSD) in Italy.
Additionally, with LIST, the international trading solutions specialist being a new partner οf Spectrum for a while, brokers can now easily connect to Spectrum’s trading and execution infrastructure through LIST’s connectivity adapters, instead of establishing multiple, bilateral connections.
In February, Spectrum welcomed Intermonte, the independent Italian investment bank and one of the leading intermediaries for Italian and international institutional investors, as a direct Member of the exchange, bringing a significant new source of trading volume to the venue.
“We’ve had a very successful start to 2022, delivering a strong first quarter of growth, and building on the foundations of our already robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network,” explains Nicky Maan, Spectrum Markets CEO.
“I’m particularly pleased to see European retail investors clearly remain very active in international markets, underlining our confidence that this trend is more permanent, and highlighting the important role securitised derivatives can play in their portfolios.”
“We’ve made some big announcements already this year, and there are more to follow, so we’re really looking forward to taking Spectrum Markets on to the next phase of its evolution, welcoming new members to the venue, expanding our range of products, and continuing to build out our ‘plug and play’ trading infrastructure around Europe,” he adds.
During Q1 2022, 37.8% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 87.4% of securitised derivatives traded were on indices, 6.7% on commodities, 4.3% on currency pairs, and 1.6% on equities, with the most traded underlyings being DAX 40 (27.8%), S&P 500 (17.5%) and NASDAQ 100 (14.5%).
About Spectrum Markets
Spectrum Markets is the trading name of Spectrum MTF Operator GmbH. Headquartered in Frankfurt am Main, Germany, it is a pan-European trading venue for securitised derivatives aimed at financial institutions and their retail investors. Since launch, trading has been available in: Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland.
Regulated by BaFin and MiFID II compliant, 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.
Further information can be found at spectrum-markets.com
T: +44 203 778 1103
All information contained herein is for information purpose only and addresses exclusively Members of Spectrum Markets and persons interested in becoming a Member of Spectrum Markets. Nothing herein constitutes an offer to sell or a solicitation of an offer to purchase any securitised derivatives listed on Spectrum Markets or any product described herein. Spectrum Markets does not provide financial services, such as investment advice or investment brokering. Prospective retail investors can trade such products only with their brokers. The information herein does not constitute investment advice or an investment recommendation. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Turbo Warrants are complex financial instruments and investors may experience a total loss.