Spectrum Markets’ Q1 Order Ebook Turnover Exceeds €1 Billion

Spectrum Markets reports a 49% increase in trading volume year over year.
owned by IG Group In a quarterly trade statement, Spectrum Markets revealed a remarkable 49% rise in trading volume from the previous year. In contrast to the 300 million securitized derivatives exchanged during the same period last year, 447 million were traded on the platform over the three-month period. In addition, compared to the fourth quarter of the previous year, when the platform processed 365 million deals involving securitized derivatives, the demand was much higher. In the third quarter of 2022, 400 million was the previous record.

Through its brokers, the Frankfurt-based platform provides securitized derivatives to institutional and retail investors alike. The platform’s geographic reach has grown over time, and it is currently accessible in Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland.

34.4% of individual trades—a sizable percentage in retail trading—occurred outside of regular business hours, according to the official statement. With 83.6% of the entire demand going towards indices, the greatest percentages went towards currency pairs, commodities, and equities, at 8.6%, 6.2%, and 1.4%, respectively. 0.2% of demand was made up of cryptocurrency derivatives.

Additionally, according to Spectrum, the order book turnover for the first quarter of 2023 exceeded €1 billion, setting a record. It was discovered that this was a 33% year-over-year increase and a 19% increase from the same quarter the prior year.

The CEO of Spectrum Markets, Nicky Maan, stated: “We’ve had a great start to 2023, celebrating another solid quarter of growth and laying the groundwork for a robust and creative pan-European trading environment to enhance connectivity and broaden our partner network. Another significant accomplishment for the company is recording our first billion-euro quarter through order book turnover, which confirms our opinion that European traders are eager for improved trading conditions. To make sure we are providing the greatest experience possible for issuers, brokers, retail traders, and other Spectrum stakeholders, we will be making investments across the board.

With a turnover of €3.33 billion at the end of 2022, Spectrum processed 3.5 billion trades in that time. The most recent announcement from Spectrum concerned a strategic partnership with ICE Data Services Italy to supply Spectrum’s data to the latter’s clientele, which includes websites that provide financial news and statistics.

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