Spectrum Markets, a Germany-based securitized derivatives trading provider, saw a record year in 2022 as its order book turnover skyrocketed 147% to €3.33 billion (bn) during the past year. The trading volume during this period also jumped by 68% from 848 million in 2021 to 1.42 billion.

The volume came from almost 3.5 million trades executed in 2022, Spectrum Markets reported on Tuesday in its full-year trading results shared with Finance Magnates. The trading provider noted that 2022 marked its third full calendar year in business.

Spectrum Markets’ record performance reflects its quarter-over-quarter (QoQ) growth in 2022. The pan-European platform’s trading turnover jumped 188% to €771 million during the first quarter and further shot up 14% QoQ to €879 million during the second quarter. However, the turnover decreased 5% to €836 million during the third quarter to regain momentum during the fourth quarter, reaching €842 million.

Spectrum Markets Marks Record 2022 as Turnover Surges 147% to €3.33bn — Trading volume, orderbook turnover and trades between 2020 and 2022. Source: Spectrum Markets

Giving a breakdown of securitized derivatives handled on its platform in 2022, Spectrum noted that 86.9% of the trades were in indices. Other instruments, such as currency pairs (6.8%), commodities (5%) equities (1.1%) and cryptocurrencies (0.2%) only made up smaller percentages. In addition, Spectrum Markets pointed out that 38% of trades executed in 2022 were completed outside the traditional hours (that is, between 17:30 and 9:00 CET).

Spectrum Markets’ New Partnerships in 2022 Boost Volume

Throughout 2022, Spectrum Markets, which now boasts a presence in Germany, France, Spain, Italy and five other European countries, signed a number of partnership deals. These partnerships brought new sources of trading volume to the platform, the firm noted in the financial report.

Last year, Spectrum Markets entered into connectivity deals with SIA, a Nexi Group subsidiary, and Euronext Securities Milan. Additionally, the group onboarded Equita and Intermonte, two Italian investment banks, as members of its multilateral trading facility.

Furthermore, Spectrum Markets partnered with Societe Generale as a new issuer of listed securitized derivatives offered in Spain and the Nordic countries. In May 2022, the securitized derivatives trading provider introduced cryptocurrency derivatives to its clients. In addition, the firm partnered with iBroker in order to provide Spanish retail investors with access to leveraged instruments on its platform.

“The past 12 months have been very successful for us, and we’ve made great progress on our growth plans, notching up another record year, which is a testament to the hard work of the whole Spectrum team, and the ongoing support of our partners and members,” explained Nicky Maan, the Chief Executive Officer of Spectrum Markets.