Spectrum's report shows that investors want to trade outside traditional trading hours.
In addition, the trading venue's H1 2023 volumes increased 20% from the previous year.
Low
volatility in the stock markets in the second quarter had a negative impact not
only on the results of investors' portfolios but also on the revenues of
trading venues. This is confirmed by the financial results published today
(Tuesday) by Spectrum Markets, a securitized derivatives provider, which
reported a noticeable decline in activity in the second quarter. However, this
did not prevent the company from achieving record trading volumes for the
entire first half of 2023.
Interestingly,
the report also highlighted the significant importance of trading outside
conventional exchange operating hours.
Spectrum Markets Reports
Record First Half of 2023
The first
half of 2023 saw Spectrum Markets trade 787 million securitized derivatives,
marking a roughly a jump of 20% from the 657 million sold in H1 2022. On the
other hand, the Q2 dip was characterized by trading numbers at about 340
million, marginally less than the 357 million of the previous year.
"As
Spectrum enters the second half of the year, the business remains focused on
driving innovation, and we continue to invest heavily in enhancing and
expanding the foundations of our pan-European trading ecosystem and remaining
at the forefront of retail trading in Europe," Nicky Maan, the CEO of Spectrum
Markets, commented.
Beyond Nine-to-Five: Surge
in Off-Hours Trading
In
addition, Q2 2023's trading patterns revealed that 35.3% of individual trades
occurred outside conventional hours. Traders were the most active on indices
(79,2%), and the most dominant instruments were DAX 40 (25.3%), S&P 500
(20.8%), and NASDAQ 100 (18.8%).
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 July, as
many as three firms, including eToro, Robinhood, and Interactive Brokers, offered
extended trading periods. The social trading giant now offers three additional
trading hours daily for the most popular Wall Street companies. In recent
months, Robinhood tested the 24-Hour Market service, which it implemented for
all its clients last month. It covers the 43 most popular stocks and ETFs.
On the
other hand, Interactive Brokers introduced overnight trading for 10,000 ETFs
and US stocks. This is available from 8:00 pm EST to 3:50 am ET, from Monday to
Friday.
Spectrum Expands Portfolio
and Partnerships
In
addition, Spectrum's product catalog has also expanded, with almost 18,000
instruments now available. This growth is part of the venue's strategy to evolve
continuously, fostering a wider array of products and increasing its European
retail investor base. Significant partnerships include welcoming UniCredit Bank
AG in May.
June was
another milestone month, with Spectrum supporting the German Derivatives
Association (DDV). This alliance offers Spectrum a chance to join industry
panels and working groups, facilitating a deeper understanding of regulatory
initiatives in the European market.
"We've
seen a drop in trading during the last three months, which isn't a huge
surprise considering the wider market environment right now. But I'm pleased
that, overall, with the record quarter we experienced in Q1, volume is still up
for the first half of the year," Maan added.
Spectrum closed
last year with a record, with turnover rising 147% to €3.33 billion. During
that time, the platform processed nearly 3.5 million transactions, and the total
trading volume grew by 68% from 848 million to 1.42 billion securitized
derivatives.
Low
volatility in the stock markets in the second quarter had a negative impact not
only on the results of investors' portfolios but also on the revenues of
trading venues. This is confirmed by the financial results published today
(Tuesday) by Spectrum Markets, a securitized derivatives provider, which
reported a noticeable decline in activity in the second quarter. However, this
did not prevent the company from achieving record trading volumes for the
entire first half of 2023.
Interestingly,
the report also highlighted the significant importance of trading outside
conventional exchange operating hours.
Spectrum Markets Reports
Record First Half of 2023
The first
half of 2023 saw Spectrum Markets trade 787 million securitized derivatives,
marking a roughly a jump of 20% from the 657 million sold in H1 2022. On the
other hand, the Q2 dip was characterized by trading numbers at about 340
million, marginally less than the 357 million of the previous year.
"As
Spectrum enters the second half of the year, the business remains focused on
driving innovation, and we continue to invest heavily in enhancing and
expanding the foundations of our pan-European trading ecosystem and remaining
at the forefront of retail trading in Europe," Nicky Maan, the CEO of Spectrum
Markets, commented.
Beyond Nine-to-Five: Surge
in Off-Hours Trading
In
addition, Q2 2023's trading patterns revealed that 35.3% of individual trades
occurred outside conventional hours. Traders were the most active on indices
(79,2%), and the most dominant instruments were DAX 40 (25.3%), S&P 500
(20.8%), and NASDAQ 100 (18.8%).
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 July, as
many as three firms, including eToro, Robinhood, and Interactive Brokers, offered
extended trading periods. The social trading giant now offers three additional
trading hours daily for the most popular Wall Street companies. In recent
months, Robinhood tested the 24-Hour Market service, which it implemented for
all its clients last month. It covers the 43 most popular stocks and ETFs.
On the
other hand, Interactive Brokers introduced overnight trading for 10,000 ETFs
and US stocks. This is available from 8:00 pm EST to 3:50 am ET, from Monday to
Friday.
Spectrum Expands Portfolio
and Partnerships
In
addition, Spectrum's product catalog has also expanded, with almost 18,000
instruments now available. This growth is part of the venue's strategy to evolve
continuously, fostering a wider array of products and increasing its European
retail investor base. Significant partnerships include welcoming UniCredit Bank
AG in May.
June was
another milestone month, with Spectrum supporting the German Derivatives
Association (DDV). This alliance offers Spectrum a chance to join industry
panels and working groups, facilitating a deeper understanding of regulatory
initiatives in the European market.
"We've
seen a drop in trading during the last three months, which isn't a huge
surprise considering the wider market environment right now. But I'm pleased
that, overall, with the record quarter we experienced in Q1, volume is still up
for the first half of the year," Maan added.
Spectrum closed
last year with a record, with turnover rising 147% to €3.33 billion. During
that time, the platform processed nearly 3.5 million transactions, and the total
trading volume grew by 68% from 848 million to 1.42 billion securitized
derivatives.
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.
Financial Commission Drops DeltaFX from Membership over “Rule Violations”
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 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 us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24