Demand for
24/5 trading reaches new heights as European retail investors seek extended market access.
38.7% of trades currently occur outside traditional market hours, the highest since 2022.
Spectrum
Markets reported a significant surge in after-hours trading activity for August
2024, reaching its highest level since November 2022. The pan-European trading
venue for securitized derivatives saw 38.7% of trades occurring outside
traditional market hours, reflecting a growing appetite among retail investors
for round-the-clock market access.
Spectrum Markets Sees
Record After-Hours Trading in August 2024
The
Frankfurt-based multilateral trading facility (MTF), which offers 24/5 trading
to retail investors across Europe, has been monitoring a steady increase in
demand for extended trading hours since its launch in August 2019. This latest
data point underscores the platform's success in meeting the evolving needs of
European retail traders.
For
comparison, in November last year, 32.3% of all transactions occurred in
after-hours trading, which is more than 6 percentage points less than
currently.
Michael
Hall, Head of Distribution at Spectrum Markets, attributed the spike in
after-hours trading to “significant market-sensitive events that triggered
spikes in volatility” during August. This increased volatility appears to
have driven investors to seek more flexible trading options.
Two months
ago, the European trading venue for retail investors also
published its H1 2024 business update, revealing a mixed performance amid
more challenging market conditions. For example, it reported a 15% volume
decline compared to the same period a year earlier. Spectrum reached a turnover
of $1.5 billion, $200 million lower than in H1 2023.
Despite the
downturn, Spectrum Markets demonstrated some resilience and extended its
product range to include approximately
1,800 ETFs. Although
Spectrum's results for the first half of 2024 indicate a downturn compared to
the previous year, it's important to recognize that 2023
was an exceptionally strong year for the company.
Retail Investors Turn
Bearish
Spectrum's
proprietary SERIX sentiment indicator revealed a bearish shift in investor
outlook, particularly towards the French CAC 40 index. The SERIX value for the
CAC 40 dropped from a neutral 100 in July to a bearish 93 in August, reflecting
growing caution among retail investors towards the French economy in the
post-Olympics period.
“Our
bearish investor sentiment index indicates a degree of pessimism among retail
investors, as the attention switched back to politics. After the heightened
political uncertainty caused by President Macron’s call for a snap election in
June, the upcoming Olympics worked as a distraction to investors’
concerns,” added Hall.
Trading Volume, Distribution, and Top Traded Markets
While the
surge in after-hours trading was a standout feature, Spectrum's August data
revealed other noteworthy trends.
The total
order book turnover for August 2024 reached €306.3 million. The distribution of
trades across asset classes showed a strong preference for indices, accounting
for 82.2% of the turnover. This was followed by commodities at 7.4%, equities
at 4.5%, cryptocurrencies at 3.1%, and currency pairs at 2.8%.
The NASDAQ
100 led as the most traded underlying market, representing 34.3% of trades. It
was followed by the DAX 40 at 26.6% and the DOW 30 at 11.4%.
In a move
to strengthen its industry position, Spectrum
Markets became a member of the German Federal Association of Investment Firms during the
first half of 2024.
Spectrum
Markets reported a significant surge in after-hours trading activity for August
2024, reaching its highest level since November 2022. The pan-European trading
venue for securitized derivatives saw 38.7% of trades occurring outside
traditional market hours, reflecting a growing appetite among retail investors
for round-the-clock market access.
Spectrum Markets Sees
Record After-Hours Trading in August 2024
The
Frankfurt-based multilateral trading facility (MTF), which offers 24/5 trading
to retail investors across Europe, has been monitoring a steady increase in
demand for extended trading hours since its launch in August 2019. This latest
data point underscores the platform's success in meeting the evolving needs of
European retail traders.
For
comparison, in November last year, 32.3% of all transactions occurred in
after-hours trading, which is more than 6 percentage points less than
currently.
Michael
Hall, Head of Distribution at Spectrum Markets, attributed the spike in
after-hours trading to “significant market-sensitive events that triggered
spikes in volatility” during August. This increased volatility appears to
have driven investors to seek more flexible trading options.
Two months
ago, the European trading venue for retail investors also
published its H1 2024 business update, revealing a mixed performance amid
more challenging market conditions. For example, it reported a 15% volume
decline compared to the same period a year earlier. Spectrum reached a turnover
of $1.5 billion, $200 million lower than in H1 2023.
Despite the
downturn, Spectrum Markets demonstrated some resilience and extended its
product range to include approximately
1,800 ETFs. Although
Spectrum's results for the first half of 2024 indicate a downturn compared to
the previous year, it's important to recognize that 2023
was an exceptionally strong year for the company.
Retail Investors Turn
Bearish
Spectrum's
proprietary SERIX sentiment indicator revealed a bearish shift in investor
outlook, particularly towards the French CAC 40 index. The SERIX value for the
CAC 40 dropped from a neutral 100 in July to a bearish 93 in August, reflecting
growing caution among retail investors towards the French economy in the
post-Olympics period.
“Our
bearish investor sentiment index indicates a degree of pessimism among retail
investors, as the attention switched back to politics. After the heightened
political uncertainty caused by President Macron’s call for a snap election in
June, the upcoming Olympics worked as a distraction to investors’
concerns,” added Hall.
Trading Volume, Distribution, and Top Traded Markets
While the
surge in after-hours trading was a standout feature, Spectrum's August data
revealed other noteworthy trends.
The total
order book turnover for August 2024 reached €306.3 million. The distribution of
trades across asset classes showed a strong preference for indices, accounting
for 82.2% of the turnover. This was followed by commodities at 7.4%, equities
at 4.5%, cryptocurrencies at 3.1%, and currency pairs at 2.8%.
The NASDAQ
100 led as the most traded underlying market, representing 34.3% of trades. It
was followed by the DAX 40 at 26.6% and the DOW 30 at 11.4%.
In a move
to strengthen its industry position, Spectrum
Markets became a member of the German Federal Association of Investment Firms during the
first half of 2024.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Finalto’s UK Units’ Combined Profit Doubled in 2023, Client Migration Impacted Results
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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