Spectrum Markets published its yearly financials and trading metrics for 2021 on Thursday, reporting a significant increase across all key parameters. The trading venue ended the year with a total turnover of €1.35 billion, which is a jump of 93 percent.
The turnover was mostly dragged higher with the performance of the company in two consecutive quarters, Q3 and Q4, when the numbers touched records.
Trading Volume Skyrocketed
The trading demand on the pan-European derivatives trading venue also jumped significantly higher. Trading volume for the year increased by 96 percent. In addition, it revealed that 848 million securitized derivatives were traded on the platform in 2021 compared to 432 million in the previous year.
Demand for indices remained highest with 84.5 percent of the total securitized derivatives while 8.8 percent and 6.2 percent were in currency pairs and commodities, respectively. The remaining 0.5 percent were equities , which the platform introduced last September.
In total, traders on Spectrum Markets executed nearly three million trades, out of which 35 percent were executed outside market hours.
“It has been an incredibly busy year in which we’ve achieved so much, both in terms of milestones and growth, and the strength of our business as we go into 2022 is testament to the hard work and commitment of our team,” Spectrum Markets’ CEO, Nicky Maan said.
“A lot of what we focused on last year was really about putting in the groundwork to lay a very solid foundation for our future growth, ensuring we are absolutely relevant in our various local markets, and having the right technology, connectivity , and infrastructure partners in place to make joining and engaging with Spectrum as straightforward and painless as possible. This year we will really start to see that work bear fruit as we welcome new members and bring new products onto the venue.”
