Spectrum Markets saw nearly 3.5 million trades in 2022.
The record trading volume was boosted by the platform's new partnerships.
Spectrum Markets, a
Germany-based securitized derivatives trading provider, saw a record year in
2022 as its order book turnover skyrocketed 147% to €3.33 billion (bn)
during the past year. The trading volume during this period also jumped by 68% from
848 million in 2021 to 1.42 billion.
The volume came from
almost 3.5 million trades executed in 2022, Spectrum Markets reported on
Tuesday in its full-year trading results shared with Finance Magnates. The trading provider noted that 2022 marked its third full calendar year in business.
Spectrum Markets’
record performance reflects its quarter-over-quarter (QoQ) growth in 2022. The
pan-European platform’s trading turnover jumped 188% to €771 million
during the first quarter and further shot up 14% QoQ to €879 million
during the second quarter. However, the turnover decreased 5% to €836 million
during the third quarter to regain momentum during the fourth quarter, reaching €842 million.
Giving a breakdown of
securitized derivatives handled on its platform in 2022, Spectrum noted that
86.9% of the trades were in indices. Other instruments, such as currency pairs (6.8%),
commodities (5%) equities (1.1%) and cryptocurrencies (0.2%) only made up
smaller percentages. In addition, Spectrum Markets pointed out that 38% of trades
executed in 2022 were completed outside the traditional hours (that is, between
17:30 and 9:00 CET).
Spectrum Markets’ New
Partnerships in 2022 Boost Volume
Throughout 2022,
Spectrum Markets, which now boasts a presence in Germany, France, Spain, Italy
and five other European countries, signed a number of partnership deals.
These partnerships brought new sources of trading volume to the platform, the firm noted in the financial report.
Last year, Spectrum Markets entered into connectivity deals with SIA, a Nexi Group
subsidiary, and Euronext Securities Milan. Additionally, the group onboarded Equita and
Intermonte, two Italian investment banks, as members of its multilateral
trading facility.
Furthermore, Spectrum
Markets partnered with Societe Generale as a new issuer of
listed securitized derivatives offered in Spain and the Nordic countries. In
May 2022, the securitized derivatives trading provider introduced cryptocurrency derivatives to its clients. In
addition, the firm partnered with iBroker in order to provide Spanish retail investors with access to leveraged instruments on its platform.
“The past 12 months
have been very successful for us, and we’ve made great progress on our growth
plans, notching up another record year, which is a testament to the hard work
of the whole Spectrum team, and the ongoing support of our partners and members,”
explained Nicky Maan, the Chief Executive Officer of Spectrum Markets.
Spectrum Markets, a
Germany-based securitized derivatives trading provider, saw a record year in
2022 as its order book turnover skyrocketed 147% to €3.33 billion (bn)
during the past year. The trading volume during this period also jumped by 68% from
848 million in 2021 to 1.42 billion.
The volume came from
almost 3.5 million trades executed in 2022, Spectrum Markets reported on
Tuesday in its full-year trading results shared with Finance Magnates. The trading provider noted that 2022 marked its third full calendar year in business.
Spectrum Markets’
record performance reflects its quarter-over-quarter (QoQ) growth in 2022. The
pan-European platform’s trading turnover jumped 188% to €771 million
during the first quarter and further shot up 14% QoQ to €879 million
during the second quarter. However, the turnover decreased 5% to €836 million
during the third quarter to regain momentum during the fourth quarter, reaching €842 million.
Giving a breakdown of
securitized derivatives handled on its platform in 2022, Spectrum noted that
86.9% of the trades were in indices. Other instruments, such as currency pairs (6.8%),
commodities (5%) equities (1.1%) and cryptocurrencies (0.2%) only made up
smaller percentages. In addition, Spectrum Markets pointed out that 38% of trades
executed in 2022 were completed outside the traditional hours (that is, between
17:30 and 9:00 CET).
Spectrum Markets’ New
Partnerships in 2022 Boost Volume
Throughout 2022,
Spectrum Markets, which now boasts a presence in Germany, France, Spain, Italy
and five other European countries, signed a number of partnership deals.
These partnerships brought new sources of trading volume to the platform, the firm noted in the financial report.
Last year, Spectrum Markets entered into connectivity deals with SIA, a Nexi Group
subsidiary, and Euronext Securities Milan. Additionally, the group onboarded Equita and
Intermonte, two Italian investment banks, as members of its multilateral
trading facility.
Furthermore, Spectrum
Markets partnered with Societe Generale as a new issuer of
listed securitized derivatives offered in Spain and the Nordic countries. In
May 2022, the securitized derivatives trading provider introduced cryptocurrency derivatives to its clients. In
addition, the firm partnered with iBroker in order to provide Spanish retail investors with access to leveraged instruments on its platform.
“The past 12 months
have been very successful for us, and we’ve made great progress on our growth
plans, notching up another record year, which is a testament to the hard work
of the whole Spectrum team, and the ongoing support of our partners and members,”
explained Nicky Maan, the Chief Executive Officer of Spectrum Markets.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
BGC Group Secures Backing from Global Banks for New $600M Trading Platform
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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