Spectrum Markets ("Spectrum"), the pan-European trading venue for securitized derivatives, has released its third Quarterly Business Update of the year, revealing a stable positive trajectory despite the challenges posed by declining equity markets and the broader inflationary landscape. 

Third-quarter order book turnover grew by 10% year-on-year, reaching €921 million, making it the second-best quarter so far. During the same period, trading volume increased by 5% with a total of 421 million securitized derivatives traded on the venue from July to September 2023, compared to 401 million during the same period the previous year. 

This underlines the firm’s continued growth trajectory, as it has expanded its product offering and welcomed more European retail investors trading on Spectrum, including those coming via new members and other partnerships commenced during the course of the year. 

Since its last business update in July 2023, Spectrum has announced two important initiatives, including a partnership with the independent Italian retail broker Directa, which became its newest member, allowing more retail investors the ability to trade securitized derivatives on Spectrum, 24 hours a day, five days a week. 

In addition, Societe Generale, already a member of Spectrum since 2022, expanded the geographic availability of some of the daily constant leverage and vanilla warrant products it has listed on the trading venue to include Italy.

These announcements reflect the success of Spectrum’s ongoing growth strategy and represent a new source of trading volume to the venue, which will continue to be consolidated in deeper pan-European liquidity pools, thanks to Spectrum’s innovative, single pan-European product ISIN.

“We are very happy to be announcing another positive quarter of year-on-year growth, emphasizing Spectrum’s progress on volume and turnover,” explains Nicky Maan, Spectrum Markets CEO. “I’m particularly pleased with the initiatives we announced last quarter and look forward to announcing further developments, strengthening our growth ambitions for the venue as we look towards the year-end and beyond.”

“Despite the wider market uncertainty we’ve seen during the last few months, we remain committed to continuously delivering the best possible trading experience for our members and their retail investor clients, exploring new partnerships, expanding our offering and developing our ‘plug and play’ trading infrastructure around Europe,” he adds.

During Q3 2023, 32.3% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 87.6% of the traded derivatives were on indices, 8.5% on currency pairs, 2.7% on commodities, 1.1% on equities, and 0.1% on cryptocurrencies with the most traded underlying being DAX 40 (34.1%), NASDAQ 100 (20.8%) and S&P 500 (16.4%).