Spectrum Markets, a pan-European derivatives trading venue, reported a 250 percent yearly increase in its Q2 2022 turnover which came in at €879 million. It was a record quarterly figure generated by the platform.
The rally in the turnover was a continuation for several quarters for the company. In the first quarter of 2022, the company generated €771 million in turnover after ending 2021 with €1.35 billion, which was an increase of 93 percent.
The latest turnover of the platform was pushed higher primarily due to a 96 percent jump in trading volume. In the three months between April and June, 357 million securitized derivatives were traded, compared to 182 million in Q2 2021.
The demand for derivatives also jumped quarter-over-quarter as 300 million contracts changed hands in the first quarter of the ongoing year.
“We are very pleased to announce our strongest quarter to date. Spectrum is still growing in volume as we continue to introduce new innovations, all against a backdrop of a wider downturn in trading triggered by economic uncertainty,” said the CEO of Spectrum Markets, Nicky Maan.
Increasing Offerings
Additionally, the European trading venue expanded its offerings by adding cryptocurrency turbo certificates. Further, it revealed that out-of-hour trading by retail investors accounted for 34.2 percent of all trades in Q2 compared to 40.2 percent in Q1.
“I’m particularly pleased to see European retail investors clearly remaining very active during out-of-hours trading, underlining our confidence that this growing trend will persist,” Maan added.
“We have continued to announce some more exciting news this year with more partnerships to follow, and are looking forward to seeing these developments for Spectrum Markets, as we continue to expand our range of products, and further build out our ‘plug and play’ trading infrastructure around Europe, offering brokers and issuers a new trading experience on our venue.”
