IG Group-owned Spectrum Markets provided a quarterly trading update, reporting a 49 percent year-over-year increase in trading volume. In the three-month period, 447 million securitized derivatives were traded on the platform compared to 300 million during the same period in the previous year.

A Record Quarter for Spectrum

Additionally, demand increased significantly from the fourth quarter of the previous year, when the platform handled 365 million securitized derivatives trades. Previously, the figure only surpassed 400 million in the third quarter of 2022.

The Frankfurt-headquartered platform offers securitized derivatives to financial institutions and retail investors via their brokers. Over the years, the platform expanded its geographical footprint as its offerings are now available in Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland.

The official announcement detailed that 34.4 percent of individual trades took place outside traditional hours, which is a significant number in retail trading. Demand for indices was the highest at 83.6 percent of the total, while currency pairs, commodities, and equities were at 8.6 percent, 6.2 percent, and 1.4 percent, respectively. Crypto derivatives constituted 0.2 percent of the demand.

Demand Is Increasing

Moreover, the German company revealed that the total value of order book turnover for the first quarter of 2023 set a record by surpassing €1 billion. It increased 33 percent year-over-year and about 19 percent from the previous quarter.

"We've had a very successful start to 2023, achieving another strong quarter of growth and building on the foundations of our robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network," said Nicky Maan, Spectrum Markets CEO.

"Recording our first billion-euro quarter in terms of order book turnover is another major milestone for the business, and underlines our belief in the appetite among European investors for a better way to trade. We will continue to invest across the business to make sure we are delivering the very best experience for retail investors, brokers, issuers, and other Spectrum stakeholders."

Spectrum closed 2022 with a turnover of €3.33 billion as 3.5 billion trades were executed throughout the year. Recently, Spectrum announced a strategic collaboration with ICE Data Services Italy to deliver Spectrum's data to ICE Data Services Italy's clientele, along with financial news and information websites.