Despite difficult market conditions, the pan-European trading venue for securities, Spectrum Markets, has achieved a new volume record in 2023. According to the company’s latest report, the total order book turnover rose 9% to €3.62 billion last year.

Spectrum Markets Sees Continued Growth in 2023

In 2023, the trading volume increased 14%, reaching 1.62 billion securities, up from 1.42 billion in the previous year. The total volume was carried out through almost 2.5 million trades, of which 33.9% occurred outside of standard trading hours, specifically between 17:30 and 9:00 CET. It confirms the data from the previous report, that one in three trades occurs after hours.

"2023 posed many challenges for the trading and investment space, with declining volumes seen across the industry, so I’m really pleased that Spectrum’s performance remained relatively robust," said Nicky Maan, the CEO of Spectrum Markets.

The company added several new partnerships in 2023, including with Italian retail broker Directa, Intercontinental Exchange's ICE Data Services Italy and the Italian Association of Certificates and Investment Products. The company started 2024 with yet another partnership, becoming the first to join the Frankfurt-based Federal Association of Investment Firms this year.

We are pleased to announce that Spectrum has become the first new member of the Frankfurt headquartered Federal Association of Investment Firms (bwf) in 2024.

Find out more here: https://t.co/zTVbNbBuxu#derivatives #trading #capitalmarkets pic.twitter.com/WRchjvQpaT

— SPECTRUM MARKETS (@SpectrumMarkets) January 23, 2024

These deals expand the range of products available to investors on the Spectrum venue and make trading easier through a single pan-European identifier.

Index Products Hold the Crown

The most traded underlying assets on Spectrum in 2023 were the DAX 40 (29.4%), NASDAQ 100 (20.2%), and S&P 500 (18.9%). 84.3% of volume was on index products, with smaller portions in currencies, commodities, equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, and cryptocurrencies.

"Looking ahead to 2024, our focus remains on enhancing and expanding our venue by improving connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term options and trading infrastructure, as well as welcoming more members," Maan said.

Spectrum Markets, founded in 2017, aims to provide transparency and open access for trading securities beyond regular European trading hours. The company is headquartered in Frankfurt with locations across Europe.