• Record high of 447m securitised derivatives traded in Q1 2023 vs. 300m in Q1 2022
• Trading volumes grew 49% on previous year
• Strong momentum on order book turnover, surpassing €1bn quarterly for the first time

Spectrum Markets, the pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing it continues to enjoy positive momentum, as trading volumes and order book turnover reached an all-time quarterly high, against a backdrop of rising equity markets and a wider inflationary context.

First-quarter trading volume grew by 49% year-on-year, with 447 million securitised derivatives being traded on the exchange from January to March, compared to 300 million during the same period the previous year. This underlines the firm’s continued growth trajectory, with more products now listed on the venue, and more retail investors around Europe trading on Spectrum every month, including those coming via new members and other partnerships announced during the course of last year.

Spectrum also reported on the total value of order book turnover, which exceeded €1 billion per quarter for the first time, an increase of 33% on Q1 2022. The firm expects it will continue delivering strong growth in the year ahead, particularly as it anticipates welcoming new members and products to the exchange.

“We’ve had a very successful start to 2023, achieving another strong quarter of growth, and building on the foundations of our robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network,” explains Nicky Maan, Spectrum Markets CEO.

“Recording our first billion-euro quarter in terms of order book turnover is another major milestone for the business, and underlines our belief in the appetite among European investors for a better way to trade. We will continue to invest across the business to make sure we are delivering the very best experience for retail investors, brokers, issuers and other Spectrum stakeholders,’’ he adds.

During Q1 2023, 34.4% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 83.6% of the traded derivatives were on indices, 8.6% on currency pairs, 6.2% on commodities, 1.4% on equities, and 0.2% on cryptocurrencies with the most traded underlyings being DAX 40 (27%), S&P 500 (20.5%), and NASDAQ 100 (19.6%).

Source: Spectrum Markets