Despite the lagging order book turnover, the company expanded its ETF offerings to 1,800 products.
CEO admits that the market landscape year-to-date was “complex.”
The European
trading venue for retail investors, Spectrum Markets, released its H1 2024 business
update today (Tuesday), revealing a mixed performance amid challenging market
conditions. The company reported a 15% decline in order book turnover compared
to H1 2023 while implementing strategic expansions and new partnerships.
According
to the latest data from the company, it has reached 1.2 million traders and
achieved a turnover of $1.5 billion. That is $200 million lower than the €1.7
billion reported for the same period last year.
Spectrum Markets CEO, Nicky Maan
“Spectrum
has faced a complex market landscape in H1 2024,” Nicky Maan, CEO of Spectrum
Markets, commented on the results. “Although we experienced some downturns, we
remain dedicated to our long-term growth strategy and proactive approach.”
Despite the
downturn, Spectrum Markets demonstrated some resilience and extended its
product range to include approximately 1,800 ETFs. This expansion, made in
collaboration with ICF BANK AG as the exclusive liquidity provider, aims to
offer retail investors across Europe increased diversification and liquidity
options with competitive fees and extended trading hours.
The
company's trading data revealed that 34.9% of individual trades occurred
outside traditional hours. The order book turnover was distributed among
various underlying assets, with indices accounting for 77.5%, followed by
commodities at 10.5%, equities at 4.9%, currencies at 3.8%, and
cryptocurrencies at 3.3%. The top three traded underlying markets were DAX 40
(28.6%), NASDAQ 100 (23.5%), and DOW 30 (10.7%).
In a move
to strengthen its industry position, Spectrum Markets also became a member of
the German Federal Association of Investment Firms during the first half of 2024.
Spectrum Extends Trading
Hours for Retail Traders
Spectrum
Markets has recently announced several strategic moves to enhance its position
in the European retail trading landscape. Last week, the company welcomed
Baader Bank as its newest trading member, a partnership expected to strengthen
Spectrum's foothold in Germany. This collaboration will offer Baader's
expanding retail broker clientele access to extended trading hours and a more
diverse array of financial instruments.
Spectrum
Markets first unveiled its plans to significantly expand its product
offerings by introducing nearly 1,800 ETFs from over 30 global fund providers
in June. This expansion aims to provide retail investors with a wider selection
of trading options, with ICF BANK AG serving as the exclusive liquidity
provider for these new offerings.
While
Spectrum's first-half 2024 results show a decline compared to the previous
year, it's worth noting that 2023 was a record-breaking year for the company.
According to a report released in January, Spectrum's total order book turnover
for 2023 increased by 9%, reaching €3.62 billion.
The company
also saw significant growth in trading volume during 2023, with a 14% increase
to 1.62 billion securities, up from 1.42 billion in 2022. This volume was
achieved through almost 2.5 million trades, with a notable 33.9% of these
transactions occurring outside standard trading hours, specifically between
17:30 and 9:00 CET.
The European
trading venue for retail investors, Spectrum Markets, released its H1 2024 business
update today (Tuesday), revealing a mixed performance amid challenging market
conditions. The company reported a 15% decline in order book turnover compared
to H1 2023 while implementing strategic expansions and new partnerships.
According
to the latest data from the company, it has reached 1.2 million traders and
achieved a turnover of $1.5 billion. That is $200 million lower than the €1.7
billion reported for the same period last year.
Spectrum Markets CEO, Nicky Maan
“Spectrum
has faced a complex market landscape in H1 2024,” Nicky Maan, CEO of Spectrum
Markets, commented on the results. “Although we experienced some downturns, we
remain dedicated to our long-term growth strategy and proactive approach.”
Despite the
downturn, Spectrum Markets demonstrated some resilience and extended its
product range to include approximately 1,800 ETFs. This expansion, made in
collaboration with ICF BANK AG as the exclusive liquidity provider, aims to
offer retail investors across Europe increased diversification and liquidity
options with competitive fees and extended trading hours.
The
company's trading data revealed that 34.9% of individual trades occurred
outside traditional hours. The order book turnover was distributed among
various underlying assets, with indices accounting for 77.5%, followed by
commodities at 10.5%, equities at 4.9%, currencies at 3.8%, and
cryptocurrencies at 3.3%. The top three traded underlying markets were DAX 40
(28.6%), NASDAQ 100 (23.5%), and DOW 30 (10.7%).
In a move
to strengthen its industry position, Spectrum Markets also became a member of
the German Federal Association of Investment Firms during the first half of 2024.
Spectrum Extends Trading
Hours for Retail Traders
Spectrum
Markets has recently announced several strategic moves to enhance its position
in the European retail trading landscape. Last week, the company welcomed
Baader Bank as its newest trading member, a partnership expected to strengthen
Spectrum's foothold in Germany. This collaboration will offer Baader's
expanding retail broker clientele access to extended trading hours and a more
diverse array of financial instruments.
Spectrum
Markets first unveiled its plans to significantly expand its product
offerings by introducing nearly 1,800 ETFs from over 30 global fund providers
in June. This expansion aims to provide retail investors with a wider selection
of trading options, with ICF BANK AG serving as the exclusive liquidity
provider for these new offerings.
While
Spectrum's first-half 2024 results show a decline compared to the previous
year, it's worth noting that 2023 was a record-breaking year for the company.
According to a report released in January, Spectrum's total order book turnover
for 2023 increased by 9%, reaching €3.62 billion.
The company
also saw significant growth in trading volume during 2023, with a 14% increase
to 1.62 billion securities, up from 1.42 billion in 2022. This volume was
achieved through almost 2.5 million trades, with a notable 33.9% of these
transactions occurring outside standard trading hours, specifically between
17:30 and 9:00 CET.
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.
69% Rise in Hedging Costs Drives UK Funds Toward Automated Digital FX Platforms
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
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
