Spectrum Markets, the pan-European trading venue for securitised derivatives, has reached the milestone of one million trades since its launch in October 2019. The average monthly growth rate was 16%, and on average 72% of the instruments available on the venue were traded, reflecting an efficient concentration of liquidity.
Nicky Maan, CEO of Spectrum Markets, explains: ”To achieve the milestone of one million trades in such short period of time is a phenomenal result. The growth reflects both, the increasing popularity of the product on our venue and the need of retail investors to react to market events at any time – we match their demand with our 24/5 model.”
Since October 2019, in excess of 240 million securitised derivatives were traded on Spectrum. In August 27.3 million securitised derivatives were traded. The share of out-of-hours trading (i.e. 1730-0900) was 35.4%.
The breakdown of trading volume of securitised derivatives in August is as follows: 85% is attributable to indices (July: 87.7%), 5.4% to FX (July: 7%) and 9.6% to commodities (July: 5.3%).
The top traded underlyings were DAX with a share of 20.8%, followed by the OMX with 20.5% and the S&P 500 with a share of 19.7%. All 21 underlyings have been traded in August (overview).
Spectrum Markets is a pan-European marketplace where retail investors can invest in structured products via their brokers. Since its launch, trading has been available in ten countries: Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, Finland, and Belgium.
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. 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