- Strategic expansions and new partnerships strengthened business’s proactive approach in H1 2024
- Spectrum Markets responded to investor demand by making around 1,800 ETFs from more than 30 providers available on the trading venue in H1 2024
- Spectrum Markets becomes a member of the German Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen, bwf)
Spectrum Markets (“Spectrum”), the pan-European trading venue designed for retail investors, has released its H1 2024 Business Update, reflecting the challenges posed by a volatile economic landscape and fluctuating equity markets. Despite the current conditions, Spectrum is leveraging forward thinking initiatives and effective adaptability, building a strong foundation for long term success.
During the first half of 2024, Spectrum Markets reported a total of 1.2 million trades, with order book turnover seeing a 15% decline to €1.5 billion compared to €1.7 billion in H1 2023. While experiencing this drop, Spectrum continues to exhibit resilience and strategic growth in a challenging environment.
In H1 2024, Spectrum Markets also expanded the products range available for trading, to include around 1,800 Exchange Traded Funds (ETFs) for trading with ICF BANK AG, the German securities trading bank and a leading market-maker in Germany, as the exclusive liquidity provider for ETFs on the venue. This expansion enables retail investors to participate in financial markets beyond Germany, across Europe, offering ETFs that provide diversification and liquidity, with competitive fees and extended trading hours that set a new benchmark for the European market.
Another significant milestone in H1 2024 was Spectrum becoming the new member of the Frankfurt-headquartered German Federal Association of Investment Firms (bwf). This membership reflects Spectrum's commitment to industry progress, regulatory alignment, transparency, and investor protection within the security industry.
Lastly, Spectrum Markets in this half celebrated its third anniversary with global vision impairment charity Sightsavers, continuing its support for the 'Childhood Blindness Project' in Nigeria. This initiative reflects Spectrum’s belief in the importance of enabling vision and its commitment to making a meaningful impact through corporate social responsibility.
“Spectrum has faced a complex market landscape in H1 2024, and although experienced some downturns, we remain dedicated to our long-term growth strategy and proactive approach in contributing to industry advancements through collaborative efforts,” explains Nicky Maan, CEO of Spectrum Markets.
“Through the strategic initiatives of broadening our offering and partnering, we continue our commitment to innovation. As we navigate these challenging times, our focus remains on enhancing our trading infrastructure, expanding our product range, and fostering new partnerships that will drive future success,” he adds.
During H1 2024, 34.9% of individual trades took place outside of traditional hours (i.e., between 17:30 and 9:00 CET). The order book turnover was distributed among various underlying assets as follows: 77.5% on indices, 10.5% on commodities, 4.9% on equities, 3.8% on currencies, and 3.3% on cryptocurrencies. The top three traded underlying markets were DAX 40 (28.6%), NASDAQ 100 (23.5%), and DOW 30 (10.7%).
About Spectrum Markets
Spectrum Markets is a pan-European trading venue for financial instruments aimed at financial institutions and their retail investors. Headquartered in Frankfurt am Main, Germany, and with presence across Europe, Spectrum Markets was designed for transparency, integration and openness while enabling unparalleled access to the markets beyond traditional trading hours with 24/5 on-venue trading for the first time in Europe.
Since launch in August 2019, financial instruments listed on Spectrum Markets have been made available for retail trading in Germany, Italy, France, Spain, Sweden, Norway, the Netherlands, Ireland and Finland.
Acting as a MiFID II regulated trading venue authorised and supervised by BaFin, Spectrum Markets uses a uniquely open architecture, allowing intermediaries and product providers to offer to retail investors a unique trading experience with increased choice, control and stability.
Being an MTF (Multilateral Trading Facility), Spectrum Markets provides access to innovative products designed to give European retail traders flexibility and control over their trades. This includes Turbo24, the world’s first 24-hour turbo warrant.
Through the pan-European ISIN, 24/5 trading services, intraday issuance and a fully proprietary venue, Spectrum Markets enables a guaranteed baseline level of liquidity over a range of products, is able to swiftly and safely match a significant number of orders, and to process messages with a low latency.
Spectrum Markets publishes SERIX® – the Spectrum European Retail Investor Index – a pan-European client sentiment that informs as to whether retail investors have taken exposure on a bullish or bearish view on a specific underlying. SERIX® is a measure based on trades made by retail investors across Europe which can be used to compare how sentiment has changed (in terms of directionality or strength of sentiment) over time on a monthly basis.
Spectrum Markets is a wholly owned subsidiary of IG Group (LSEG: IGG).
Further information can be found at spectrum-markets.com
Media Contact
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T: +44 203 778 1103
E-Mail: vasiliki@liminalcomms.com
Disclaimer
All information contained herein is for information purposes 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 financial instrument(s) 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.
