Pan-European trading venue Spectrum Markets has reached the milestone of one billion securitised derivatives traded on its platform following its launch almost two years ago.
According to the trading venue, the growth has been driven by new users as well as increased trading activity, particularly from younger traders, and those seeking to profit from higher levels of market volatility and a rapidly-evolving macro and corporate landscape.
Spectrum has seen a significant increase in trading volumes since its launch, with securitised derivatives traded accelerating from around 280 million in the first year of operation to over 250 million in the last 12 months.
This represents an annual growth of more than 170% for the trading venue.
Spectrum said its 24/5 offering has appealed to investors, with over a third of all trades occurring outside of traditional hours, between 17:30 and 9:00 CET.
In addition, listing a smaller selection of the most popular products has proved beneficial to Spectrum, delivering concentrated trading activity across the range.
“I’m delighted to have reached this important milestone in less than two years, and it’s a real testament to the hard work of our team and the clear demand among European retail investors for a better way to trade,” said Nicky Maan, CEO of Spectrum Markets.
“We’ve definitely been helped by high levels of volatility and the number of new traders entering markets during the pandemic, but more broadly our overall growth strategy is very much on-track and we look forward to accelerating in the months and years ahead as additional brokers, issuers and technology partners join us on this journey.”