Despite the
economic challenges marked by fluctuating equity markets and inflationary
pressures, Spectrum Markets has maintained a consistent growth pattern during
the last quarter. The European platform for trading securities derivatives
reported today (Wednesday) a significant 10% year-over-year (YoY) increase in
order book turnover, reaching €921 million, marking it as the second-best
quarter on record.
The trading
volume has also seen a 5% boost compared to the previous year, with 421 million
securitized derivatives traded. The final results are also visibly higher than in Q2 2023 when the number of traded derivatives reached 340 million.
The trading venue’s expansion is notable with
the addition of new European retail investors and partnerships, including the
recent onboarding of the Italian retail broker Directa as a new member. This
partnership facilitates extended trading hours for retail investors, enhancing
access to the 24/5 trading capabilities offered by Spectrum. In the meantime, Societe Generale expanded the geographic availability of some of its products to Italy, too.
“Despite
market uncertainties, our commitment to providing an exceptional trading
experience remains steadfast,” Nicky Maan, the CEO of Spectrum Markets,
expressed satisfaction with the company’s progress, emphasizing the successful
implementation of recent initiatives. “We’re exploring new partnerships,
broadening our product offerings, and enhancing our trading infrastructure to
better serve our members and their clients.”
Spectrum
Markets, headquartered in Frankfurt, operates as a regulated trading venue
under MiFID II/ With the authorization and supervision of BaFin, Spectrum
provides a 24/5 trading service through its proprietary platform, ensuring
liquidity across a spectrum of products.
Non-Traditional Trading
Hours on the Rise
During the
third quarter, non-traditional trading hours saw significant activity, with
32.3% of individual trades occurring outside conventional market hours. The
trade composition was predominantly in indices, followed by currency pairs,
commodities, equities , and a minimal percentage in cryptocurrencies. The DAX
40, NASDAQ 100, and S&P 500 were the most actively traded assets.
This confirms the industry-wide trend also visible among typically retail trading firms, which have recently expanded their offerings to include trading in stocks outside the traditional session hours. In a
notable move this July, three prominent brokers – eToro, Robinhood, and
Interactive Brokers – introduced extended trading times.
The social trading
behemoth eToro now provides three additional hours of daily trading for
top-tier Wall Street entities. Meanwhile, Robinhood has been piloting a
round-the-clock trading facility, which has been rolled out to all its
customers as of last month. This service encompasses a selection of 43
highly-traded stocks and exchange-traded funds (ETFs).
Despite the
economic challenges marked by fluctuating equity markets and inflationary
pressures, Spectrum Markets has maintained a consistent growth pattern during
the last quarter. The European platform for trading securities derivatives
reported today (Wednesday) a significant 10% year-over-year (YoY) increase in
order book turnover, reaching €921 million, marking it as the second-best
quarter on record.
The trading
volume has also seen a 5% boost compared to the previous year, with 421 million
securitized derivatives traded. The final results are also visibly higher than in Q2 2023 when the number of traded derivatives reached 340 million.
The trading venue’s expansion is notable with
the addition of new European retail investors and partnerships, including the
recent onboarding of the Italian retail broker Directa as a new member. This
partnership facilitates extended trading hours for retail investors, enhancing
access to the 24/5 trading capabilities offered by Spectrum. In the meantime, Societe Generale expanded the geographic availability of some of its products to Italy, too.
“Despite
market uncertainties, our commitment to providing an exceptional trading
experience remains steadfast,” Nicky Maan, the CEO of Spectrum Markets,
expressed satisfaction with the company’s progress, emphasizing the successful
implementation of recent initiatives. “We’re exploring new partnerships,
broadening our product offerings, and enhancing our trading infrastructure to
better serve our members and their clients.”
Spectrum
Markets, headquartered in Frankfurt, operates as a regulated trading venue
under MiFID II/ With the authorization and supervision of BaFin, Spectrum
provides a 24/5 trading service through its proprietary platform, ensuring
liquidity across a spectrum of products.
Non-Traditional Trading
Hours on the Rise
During the
third quarter, non-traditional trading hours saw significant activity, with
32.3% of individual trades occurring outside conventional market hours. The
trade composition was predominantly in indices, followed by currency pairs,
commodities, equities , and a minimal percentage in cryptocurrencies. The DAX
40, NASDAQ 100, and S&P 500 were the most actively traded assets.
This confirms the industry-wide trend also visible among typically retail trading firms, which have recently expanded their offerings to include trading in stocks outside the traditional session hours. In a
notable move this July, three prominent brokers – eToro, Robinhood, and
Interactive Brokers – introduced extended trading times.
The social trading
behemoth eToro now provides three additional hours of daily trading for
top-tier Wall Street entities. Meanwhile, Robinhood has been piloting a
round-the-clock trading facility, which has been rolled out to all its
customers as of last month. This service encompasses a selection of 43
highly-traded stocks and exchange-traded funds (ETFs).
