Spectrum Markets Reaches 1 Million Trades Since October 2019 Launch

Spectrum Markets announced this Tuesday that since its launch in October of last year it has reached one million trades in August, driven by trading in indices, foreign exchange and commodities.

Since its launch, the pan-European trading venue for securities derivatives posted an average monthly growth rate of 16 per cent. On average, 72 per cent of the instruments available on the venue were traded.

More than 240 million securitised derivatives have been traded on Spectrum since October of 2019. In August alone, 27.3 million securitised derivatives were traded. According to the statement, the share of out-of-hours trading was 35.4 per cent.

Breaking down the trading volume of securitised derivatives during the month of August, the lion share can be attributable to indices, at 85 per cent. This is lower than the previous month when indices contributed to 87.7 per cent of the total volume.

During the month of August, the forex trading volume was 5.4 per cent of total volumes. Similar to indices, this is lower against July of 2020, when FX trading volumes took a 7 per cent slice of the monthly pie.

Spectrum Markets sees uptick in commodities trading

The drop in volume share for indices and FX is the result of an increase in commodities trading. In August, the commodities trading volume increased to 9.6 per cent, up from 5.3 per cent in the previous month.

Commenting on the results, Nicky Maan, Chief Executive Officer (CEO) of Spectrum Markets, said in the statement: “To achieve the milestone of one million trades in such short period of time is a phenomenal result. 

“The growth reflects both the increasing popularity of the product on our venue and the importance to retail investors of being able to react to market events at any time. We match their demand with our 24/5 model.”

In August, the most traded underlyings were the DAX, with a total monthly share of 20.8 per cent, followed by the OMX at 20.5 per cent and in third place was the S&P 500 with a share of 19.7 per cent.