Spectrum’s Q2 trading volume drops, but H1 surges +20%

abdelaziz Fathi

Pan-European trading venue Spectrum Markets today reported that its Q2 trading volume dropped due to low volatility in equity markets. However, the company said its trading levels for the first half remained robust, showcasing its resilience in the face of market challenges.

In aggerate, some 340 million securitized derivatives on the exchange from April to June. This compares to the 357 million traded in the same timeframe the previous year. Spectrum said the figures reflect the broader decrease in trading across the industry, but its comparatively modest decline underscores its ability to navigate challenging market conditions.

Taking a half-year perspective, the volume of securitized derivatives traded on Spectrum reached 787 million, a substantial increase by more than 20% compared to the 657 million traded in H1 2022. Additionally, the platform reported a rise in the total value of its order book turnover to €1.77 billion in H1 2023, up from €1.65 billion in H1 2022.

Spectrum also highlighted its efforts to expand its offerings, noting that the number of available instruments on the platform has grown to nearly 18,000 ISINs.

“We’ve seen a drop in trading during the last three months, which isn’t a huge surprise considering the wider market environment right now. But I’m pleased that, overall, with the record quarter we experienced in Q1, volume is still up for the first half of the year,” explains Nicky Maan, Spectrum Markets CEO.

These positive trends align with Spectrum’s overarching growth strategy, which involves listing more products on the platform and increasing participation from retail investors across Europe. The platform has welcomed new members and partnerships over the past year, contributing to its expanding user base.

Most recently, Spectrum added UniCredit Bank AG as a new member in May. The pan-European bank introduced constant leverage warrants and covered warrant products on the platform, making them accessible to retail investors in Germany through their brokers or banks.

Furthermore, Spectrum became a supporting member of the German Derivatives Association (DDV) in June. This move allows the platform to actively contribute to industry committees, working groups on regulatory initiatives, and share insights developed from its pan-European trading network.

By joining the DDV, Spectrum Markets aligns itself with an organization that represents 95% of the certificates market in Germany. The primary objective of the DDV is to enhance the regulatory environment for structured products both within Germany and across Europe. This applies in particular to voluntary commitments with regards to costs and product transparency for investment certificates.

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