- 2022 order book turnover grew 147% on 2021
- Number of trades hit 3.5 million, with 38% taking place outside of traditional hours
- Year of milestones laying the foundation for future growth
Spectrum Markets ("Spectrum"), the pan-European trading venue for securitised derivatives, has released its Full Year 2022 Business Update revealing continued record growth.
Trading volume for the year grew by 68%, with 1.42 billion securitised derivatives traded in 2022 compared to 848 million the year before. This volume was executed across nearly 3.5 million trades, with 38% of those taking place outside of traditional hours (i.e. between 17:30 and 9:00 CET).
Spectrum also reported on the total value of order book turnover, which hit €3.33bn, an increase of 147% on 2021.
During 2022, which was Spectrum’s third full calendar year in business, the firm unveiled several important initiatives and milestones including Europe’s first cryptocurrency derivatives to be made available 24/5 on a regulated trading venue.
In the first half of the year, the business also announced key connectivity partnerships with SIA (part of Nexi Group) and Euronext Securities Milan, the Central Securities Depository in Italy, as well as welcoming two independent Italian investment banks, Equita and Intermonte, as direct Members of the multilateral trading facility (MTF).
In the second half of the year, Spectrum announced two additional initiatives, including major new partnerships with Societe Generale as a new issuer of listed securitised derivatives being offered in Spain and the Nordic countries, and iBroker, the Spanish online multi-product broker specialising in derivatives, which is enabling retail investors in Spain and Italy to trade leveraged instruments on the regulated trading venue 24/5.
These partnerships are testament to Spectrum’s integrated, pan-European approach and significantly bolster its growth trajectory, bringing new sources of trading volume to the venue, as well as strengthening its ‘plug and play’ trading infrastructure across Europe.
“The past 12 months have been very successful for us, and we’ve made great progress on our growth plans, notching up another record year, which is a testament to the hard work of the whole Spectrum team, and the ongoing support of our partners and members,” said Nicky Maan, Spectrum Markets CEO.
“We’ve made some big announcements already in 2022, and looking ahead, 2023 will be about continuing to develop our venue by further improving and extending connectivity options and trading infrastructure, as well as welcoming more members to the venue and exploring new product opportunities,” he adds.
In 2022, 86.9% of the traded securitised derivatives were on indices, 6.8% on currency pairs, 5% on commodities, 1.1% on equities, and 0.2% on cryptocurrencies which were introduced in May 2022. The most traded underlyings last year were DAX 40 (26.7%), S&P 500 (22.4%) and NASDAQ 100 (14.4%).
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
Media contact
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T: +44 203 778 1103
E-Mail: vasiliki@liminalcommunications.com
Disclaimer
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.
