Spectrum Reports Solid Trading for Turbo24s in November

Spectrum, a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for structured products, has revealed its performance for the month of November this Thursday, posting a solid growth in trades on monthly comparison.

In particular, the volume traded in November increased by more than 100 percent compared with the previous month, which was the first full month of trading for the retail pan-European platform.

5.5m turbo24s traded in November on Spectrum

During the month, more than 5.5 million turbo24s were traded. From this investment product, indices represented around 88 percent of the traded amount and currencies and commodities made up 7 and 5 percent, respectively.

Turbo certificates allow traders to make money from market fluctuations with Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term, they have a built-in stop loss, and positions are automatically closed once a predetermined price level is reached. For example, Turbo Long Certificates allow you to benefit from rising prices, whereas Turbo Short Certificates benefit from falling prices.

According to the statement released today, all underlyings on the platform are popular. The turbo24 volume on the DAX represents 33 percent of the total, followed by the S&P 500 with 19 percent and the Dow Jones with 10 percent.

As Finance Magnates reported, Spectrum is a Frankfurt-based subsidiary of the IG Group and the multilateral trading facility (MTF), offering 24/5 access to the markets for investors trading securitized derivatives.

Commenting on the performance, Nicky Maan, Spectrum's CEO, said: "Our second full month of trading has seen volumes increasing strongly across the breadth of underlyings – this demonstrates the attractiveness of our modern trading platform with its robust technology, lean product range and retail-focused venue approach.

“We’re deep into discussion with brokers and now with the vast majority of major issuers across Europe, where they are finding great interest in Spectrum. Our sales force is expanding as planned, as we start to build our key partnerships on Spectrum.”