Spectrum's report shows that investors want to trade outside traditional trading hours.
In addition, the trading venue's H1 2023 volumes increased 20% from the previous year.
Low
volatility in the stock markets in the second quarter had a negative impact not
only on the results of investors' portfolios but also on the revenues of
trading venues. This is confirmed by the financial results published today
(Tuesday) by Spectrum Markets, a securitized derivatives provider, which
reported a noticeable decline in activity in the second quarter. However, this
did not prevent the company from achieving record trading volumes for the
entire first half of 2023.
Interestingly,
the report also highlighted the significant importance of trading outside
conventional exchange operating hours.
Spectrum Markets Reports
Record First Half of 2023
The first
half of 2023 saw Spectrum Markets trade 787 million securitized derivatives,
marking a roughly a jump of 20% from the 657 million sold in H1 2022. On the
other hand, the Q2 dip was characterized by trading numbers at about 340
million, marginally less than the 357 million of the previous year.
"As
Spectrum enters the second half of the year, the business remains focused on
driving innovation, and we continue to invest heavily in enhancing and
expanding the foundations of our pan-European trading ecosystem and remaining
at the forefront of retail trading in Europe," Nicky Maan, the CEO of Spectrum
Markets, commented.
Securitized Derivatives Trader per Quarter. Source: Spectrum Markets
Beyond Nine-to-Five: Surge
in Off-Hours Trading
In
addition, Q2 2023's trading patterns revealed that 35.3% of individual trades
occurred outside conventional hours. Traders were the most active on indices
(79,2%), and the most dominant instruments were DAX 40 (25.3%), S&P 500
(20.8%), and NASDAQ 100 (18.8%).
This
confirms the industry-wide trend also visible among typically retail trading
firms, which have recently expanded their offerings to include trading in
stocks outside the traditional session hours.
In July, as
many as three firms, including eToro, Robinhood, and Interactive Brokers, offered
extended trading periods. The social trading giant now offers three additional
trading hours daily for the most popular Wall Street companies. In recent
months, Robinhood tested the 24-Hour Market service, which it implemented for
all its clients last month. It covers the 43 most popular stocks and ETFs.
On the
other hand, Interactive Brokers introduced overnight trading for 10,000 ETFs
and US stocks. This is available from 8:00 pm EST to 3:50 am ET, from Monday to
Friday.
Spectrum Expands Portfolio
and Partnerships
In
addition, Spectrum's product catalog has also expanded, with almost 18,000
instruments now available. This growth is part of the venue's strategy to evolve
continuously, fostering a wider array of products and increasing its European
retail investor base. Significant partnerships include welcoming UniCredit Bank
AG in May.
June was
another milestone month, with Spectrum supporting the German Derivatives
Association (DDV). This alliance offers Spectrum a chance to join industry
panels and working groups, facilitating a deeper understanding of regulatory
initiatives in the European market.
"We've
seen a drop in trading during the last three months, which isn't a huge
surprise considering the wider market environment right now. But I'm pleased
that, overall, with the record quarter we experienced in Q1, volume is still up
for the first half of the year," Maan added.
Spectrum closed
last year with a record, with turnover rising 147% to €3.33 billion. During
that time, the platform processed nearly 3.5 million transactions, and the total
trading volume grew by 68% from 848 million to 1.42 billion securitized
derivatives.
Low
volatility in the stock markets in the second quarter had a negative impact not
only on the results of investors' portfolios but also on the revenues of
trading venues. This is confirmed by the financial results published today
(Tuesday) by Spectrum Markets, a securitized derivatives provider, which
reported a noticeable decline in activity in the second quarter. However, this
did not prevent the company from achieving record trading volumes for the
entire first half of 2023.
Interestingly,
the report also highlighted the significant importance of trading outside
conventional exchange operating hours.
Spectrum Markets Reports
Record First Half of 2023
The first
half of 2023 saw Spectrum Markets trade 787 million securitized derivatives,
marking a roughly a jump of 20% from the 657 million sold in H1 2022. On the
other hand, the Q2 dip was characterized by trading numbers at about 340
million, marginally less than the 357 million of the previous year.
"As
Spectrum enters the second half of the year, the business remains focused on
driving innovation, and we continue to invest heavily in enhancing and
expanding the foundations of our pan-European trading ecosystem and remaining
at the forefront of retail trading in Europe," Nicky Maan, the CEO of Spectrum
Markets, commented.
Securitized Derivatives Trader per Quarter. Source: Spectrum Markets
Beyond Nine-to-Five: Surge
in Off-Hours Trading
In
addition, Q2 2023's trading patterns revealed that 35.3% of individual trades
occurred outside conventional hours. Traders were the most active on indices
(79,2%), and the most dominant instruments were DAX 40 (25.3%), S&P 500
(20.8%), and NASDAQ 100 (18.8%).
This
confirms the industry-wide trend also visible among typically retail trading
firms, which have recently expanded their offerings to include trading in
stocks outside the traditional session hours.
In July, as
many as three firms, including eToro, Robinhood, and Interactive Brokers, offered
extended trading periods. The social trading giant now offers three additional
trading hours daily for the most popular Wall Street companies. In recent
months, Robinhood tested the 24-Hour Market service, which it implemented for
all its clients last month. It covers the 43 most popular stocks and ETFs.
On the
other hand, Interactive Brokers introduced overnight trading for 10,000 ETFs
and US stocks. This is available from 8:00 pm EST to 3:50 am ET, from Monday to
Friday.
Spectrum Expands Portfolio
and Partnerships
In
addition, Spectrum's product catalog has also expanded, with almost 18,000
instruments now available. This growth is part of the venue's strategy to evolve
continuously, fostering a wider array of products and increasing its European
retail investor base. Significant partnerships include welcoming UniCredit Bank
AG in May.
June was
another milestone month, with Spectrum supporting the German Derivatives
Association (DDV). This alliance offers Spectrum a chance to join industry
panels and working groups, facilitating a deeper understanding of regulatory
initiatives in the European market.
"We've
seen a drop in trading during the last three months, which isn't a huge
surprise considering the wider market environment right now. But I'm pleased
that, overall, with the record quarter we experienced in Q1, volume is still up
for the first half of the year," Maan added.
Spectrum closed
last year with a record, with turnover rising 147% to €3.33 billion. During
that time, the platform processed nearly 3.5 million transactions, and the total
trading volume grew by 68% from 848 million to 1.42 billion securitized
derivatives.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
