Spectrum Markets Sees188% Rise in Q1 2022 Trading Turnover

Spectrum Markets, which offers securities derivatives trading services across Europe, reported a 44 percent year-over-year increase in its trading volume in the first three months of 2022.

The press release shared with Finance Magnates detailed that 300 million securitized derivatives were traded in the quarter compared to 207 million in the same period of the previous year.

Commenting on the numbers, Spectrum Markets’ CEO, Nicky Maan said: “We’ve had a very successful start to 2022, delivering a strong first quarter of growth, and building on the foundations of our already robust and innovative pan-European trading ecosystem to further enhance  connectivity  and expand our partner network.”

The daily trading volume on the platform peaked on March 8 when more than 23,000 trades were executed. It was fueled by the market  volatility  induced by the geopolitical tensions between Russia and Ukraine.

The total turnover of the Frankfurt-headquartered trading venue reached €771 million in the reported period. It was a yearly increase of 188 percent.

“I’m particularly pleased to see European retail investors clearly remain very active in international markets, underlining our confidence that this trend is more permanent, and highlighting the important role securitized derivatives can play in their portfolios,” Maan added.

Spectrum is offering services in several European countries, including Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland. The platform witnessed aggressive growth over the recent years.

Aggressive Growth

Finance Magnates earlier reported that the turnover of the trading platform saw a 93 percent rise in 2021, reaching €1.35 billion. With the ongoing trend, the platform will dwarf those numbers only in the first two quarters of the ongoing year.

“We’ve made some big announcements already this year, and there are more to follow, so we’re really looking forward to taking Spectrum Markets on to the next phase of its evolution, welcoming new members to the venue, expanding our range of products, and continuing to build out our ‘plug and play’ trading infrastructure around Europe,” Maan said.

Spectrum Markets, which offers securities derivatives trading services across Europe, reported a 44 percent year-over-year increase in its trading volume in the first three months of 2022.

The press release shared with Finance Magnates detailed that 300 million securitized derivatives were traded in the quarter compared to 207 million in the same period of the previous year.

Commenting on the numbers, Spectrum Markets’ CEO, Nicky Maan said: “We’ve had a very successful start to 2022, delivering a strong first quarter of growth, and building on the foundations of our already robust and innovative pan-European trading ecosystem to further enhance  connectivity  and expand our partner network.”

The daily trading volume on the platform peaked on March 8 when more than 23,000 trades were executed. It was fueled by the market  volatility  induced by the geopolitical tensions between Russia and Ukraine.

The total turnover of the Frankfurt-headquartered trading venue reached €771 million in the reported period. It was a yearly increase of 188 percent.

“I’m particularly pleased to see European retail investors clearly remain very active in international markets, underlining our confidence that this trend is more permanent, and highlighting the important role securitized derivatives can play in their portfolios,” Maan added.

Spectrum is offering services in several European countries, including Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland. The platform witnessed aggressive growth over the recent years.

Aggressive Growth

Finance Magnates earlier reported that the turnover of the trading platform saw a 93 percent rise in 2021, reaching €1.35 billion. With the ongoing trend, the platform will dwarf those numbers only in the first two quarters of the ongoing year.

“We’ve made some big announcements already this year, and there are more to follow, so we’re really looking forward to taking Spectrum Markets on to the next phase of its evolution, welcoming new members to the venue, expanding our range of products, and continuing to build out our ‘plug and play’ trading infrastructure around Europe,” Maan said.

Source: https://www.financemagnates.com/forex/brokers/spectrum-markets-sees188-rise-in-q1-2022-trading-turnover/