Spectrum Markets reports record growth at pan-European venue for securitised derivatives

Rick Steves

“We’ve made some big announcements already in 2022, and looking ahead, 2023 will be about continuing to develop our venue by further improving and extending connectivity options and trading infrastructure, as well as welcoming more members to the venue and exploring new product opportunities.”

Spectrum Markets has released its Full Year 2022 Business Update revealing continued record growth on the pan-European trading venue for securitised derivatives.

Trading volume on Spectrum Markets grew by 68%, with 1.42 billion securitised derivatives traded in 2022 compared to 848 million the year before.

86.9% indices, 6.8% FX, 5% commodities, 1.1% equities, 0.2% crypto

The venue’s order book turnover hit €3.33bn in a record year, with 2022 order book turnover growing by 147% from 2021 and the number of trades hitting 3.5 million – 38% taking place outside of traditional hours.

In 2022, 86.9% of the traded securitised derivatives were on indices, 6.8% on currency pairs, 5% on commodities, 1.1% on equities, and 0.2% on cryptocurrencies which were introduced in May 2022.

The most traded underlyings last year were DAX 40 (26.7%), S&P 500 (22.4%) and NASDAQ 100 (14.4%).

Spectrum to focus on enhancing options and trading infrastructure

Nicky Maan, Chief Executive Officer at Spectrum Markets, said: “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.

“We’ve made some big announcements already in 2022, and looking ahead, 2023 will be about continuing to develop our venue by further improving and extending connectivity options and trading infrastructure, as well as welcoming more members to the venue and exploring new product opportunities.”

Spectrum Markets is the trading name of Spectrum MTF Operator GmbH, headquartered in Frankfurt am Main, Germany. The pan-European trading venue for securitised derivatives caters to financial institutions and their retail investors.

Trading is available in Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland. The MiFID II regulated trading venue is authorized and supervised by BaFin and offers pan-European ISIN, 24/5 trading services, and its own proprietary venue.

Spectrum’s key partnerships in 2022

In 2022, Spectrum Markets unveiled several important initiatives and milestones including Europe’s first cryptocurrency derivatives to be made available 24/5 on a regulated trading venue.

In addition, the firm announced key connectivity partnerships with SIA (part of Nexi Group) and Euronext Securities Milan, the Central Securities Depository in Italy, as well as welcoming two independent Italian investment banks, Equita and Intermonte, as direct Members of the multilateral trading facility (MTF).

Other initiatives in 2022 included major new partnerships with Societe Generale as a new issuer of listed securitised derivatives being offered in Spain and the Nordic countries, and iBroker, the Spanish online multi-product broker specialising in derivatives, which is enabling retail investors in Spain and Italy to trade leveraged instruments on the regulated trading venue 24/5.

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