Spectrum Markets, a pan-European derivatives trading venue, announced on Wednesday that Societe Generale (SocGen) became a market maker and liquidity provider for new instruments added to the company's offering.
SocGen will issue vanilla warrant products and a series of daily constant leverage instruments, making them available to retail investors in Scandinavia and Spain through their bank or broker. The financial institution wants to offer several thousand new products depending on customer demand, with the possibility of further expansion in the future.
According to the press release, Spectrum Markets has already scaled up its infrastructure to handle the higher order flow volumes, and capacity has been increased by 400%. For its part, Spectrum Markets will introduce unique order book management for individual instruments offered by Societe Generale.
"We've always said we want to list only those products that are most interesting for European retail investors, focusing on what they are actually going to use, and the new products from Societe Generale certainly fit that mold. Offering more investment options in terms of duration, as well as underlyings, is a priority for us going forward, and we expect this to significantly contribute to trading volumes and liquidity," Nicky Maan, the Chief Executive Officer of Spectrum Markets, said.
The partnership with SocGen is another step in implementing Spectrum's strategy to offer more trading products and investment duration.
Additionally, the platform is expanding its product range in other market fields. In May, Spectrum Markets added derivatives for cryptocurrencies , offering turbo warrants trading with Bitcoin (BTC) and Ethereum (ETH).
Dynamic Volumes Growth in 2021 and 2022
The dynamic expansion of Spectrum Markets was seen in the latest volumes quarterly report for Q3 2022. The company showed a turnover of €836 million for the period, marking a yearly jump of 136%. The overall results were pushed higher by a significant 102% increase in volumes for securitized derivatives, which came in at 401 million.
Robust volumes were observed well before: in the first two quarters of 2022 and last year. The pan-European derivatives trading venue reported solid results for 2021, with a total turnover of €1.35 billion, which was a jump of 93 percent compared to the previous period.
