Spectrum Markets’ Q3 2022 Turnover Jumps 136%

Spectrum Markets, a pan-European derivatives trading venue owned by IG Group, reported a turnover of €836 million for the third quarter, which is a yearly increase of 136 percent.

It was pushed upwards by a 102 percent rise in trading volume year-over-year as 401 million securitized derivatives were traded in the three months between July and September, which is a record for the platform. In the same period of the previous year, 198 million securitized derivatives were traded.

“I’m very happy to announce another strong quarter, in which we hit a new record high for the volume of securitized derivatives traded on Spectrum,” said the CEO of Spectrum Markets, Nicky Maan.

“We continue to progress our ambitious growth plans, and are looking forward to making public some major announcements for our business before the end of the year.”

Growing Demand

Spectrum Markets offers knockouts and turbo instruments, both of which are derivative products. These products are popular as traders can use leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term while trading. Moreover, the platform is enhancing its offerings and added cryptocurrency turbo certificates earlier this year.

The demand for Spectrum’s products has been increasing for a while now. In the first and second quarters of the ongoing year, the trading turnover of the platform jumped by 180 percent and 250 percent, respectively. For 2021, the platform reported a total turnover of €1.35 billion, which is a rise of 93 percent.

The trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term further revealed that there was a significant increase in out-of-hours trading. Now, more than a third of the trading activities on the platform are happening outside normal hours.

“It’s great to see European retail investors clearly still appreciate the opportunity to trade securitized derivatives transparently and at any time of day, and that the growing engagement we’ve seen over the last few years shows no sign of weakening,” Maan added.