• 300 million securitised derivatives traded in Q1 2022 compared to 207 million in Q1 2021
• Most traded underlyings were DAX 40, S&P 500 and NASDAQ 100
• Strong momentum on turnover, with an increase of 188% on previous year

Spectrum Markets, the pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing continued positive momentum as its business matures.

First-quarter trading volume grew by 44% year-on-year. 300 million securitised derivatives were traded on the exchange from January to March, compared to 207 million during the same period the previous year, underlining the firm’s continued strong growth. 

Spectrum Markets also reported on the total value of turnover, which hit €771 million for the first quarter, an increase of 188% on Q1 2021. Daily trading volumes have continued to increase steadily during the period, hitting a new daily high on 8^th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine.

Since the start of the year Spectrum has announced several important initiatives and milestones, including key connectivity partnerships with SIA (now part of Nexi Group) and Euronext Securities Milan, the Central Securities Depository (CSD) in Italy.

Additionally, with LIST, the international trading solutions specialist being a new partner οf Spectrum for a while, brokers can now easily connect to Spectrum’s trading and execution infrastructure through LIST’s connectivity adapters, instead of establishing multiple, bilateral connections.

In February, Spectrum welcomed Intermonte, the independent Italian investment bank and one of the leading intermediaries for Italian and international institutional investors, as a direct Member of the exchange, bringing a significant new source of trading volume to the venue.

“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,” explains Nicky Maan, Spectrum Markets CEO.

“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 securitised derivatives can play in their portfolios.”

“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,” he adds.

During Q1 2022, 37.8% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 87.4% of securitised derivatives traded were on indices, 6.7% on commodities, 4.3% on currency pairs, and 1.6% on equities, with the most traded underlyings being DAX 40 (27.8%), S&P 500 (17.5%) and NASDAQ 100 (14.5%).