- Record high of 447m securitised derivatives traded in Q1 2023 vs. 300m in Q1 2022
- Trading volumes grew 49% on previous year
- Strong momentum on order book turnover, surpassing €1bn quarterly for the first time
Spectrum Markets ("Spectrum"), the pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing it continues to enjoy positive momentum, as trading volumes and order book turnover reached an all-time quarterly high, against a backdrop of rising equity markets and a wider inflationary context.
First-quarter trading volume grew by 49% year-on-year, with 447 million securitised derivatives being traded on the exchange from January to March, compared to 300 million during the same period the previous year. This underlines the firm’s continued growth trajectory, with more products now listed on the venue, and more retail investors around Europe trading on Spectrum every month, including those coming via new members and other partnerships announced during the course of last year.
Spectrum also reported on the total value of order book turnover, which exceeded €1 billion per quarter for the first time, an increase of 33% on Q1 2022. The firm expects it will continue delivering strong growth in the year ahead, particularly as it anticipates welcoming new members and products to the exchange.
“We’ve had a very successful start to 2023, achieving another strong quarter of growth, and building on the foundations of our robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network,” explains Nicky Maan, Spectrum Markets CEO.
“Recording our first billion-euro quarter in terms of order book turnover is another major milestone for the business, and underlines our belief in the appetite among European investors for a better way to trade. We will continue to invest across the business to make sure we are delivering the very best experience for retail investors, brokers, issuers and other Spectrum stakeholders,’’ he adds.
During Q1 2023, 34.4% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 83.6% of the traded derivatives were on indices, 8.6% on currency pairs, 6.2% on commodities, 1.4% on equities, and 0.2% on cryptocurrencies with the most traded underlyings being DAX 40 (27%), S&P 500 (20.5%), and NASDAQ 100 (19.6%).
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.
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.
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.