Record Year for Spectrum with 1.62 Billion Securities Traded

<p>Despite
difficult market conditions, the pan-European trading venue for securities,
Spectrum Markets, has achieved a new volume record in 2023. According to the
company’s latest report, the total order book turnover rose 9% to €3.62 billion
last year.</p><p>Spectrum Markets Sees
Continued Growth in 2023</p><p>In 2023,
the trading volume increased 14%, reaching 1.62 billion securities, up from
1.42 billion in the previous year. The total volume was carried out through
almost 2.5 million trades, of which 33.9% occurred outside of standard trading
hours, specifically between 17:30 and 9:00 CET. It confirms the data from the
previous report, that <a href="https://www.financemagnates.com/institutional-forex/one-in-three-trades-occurs-after-hours-spectrum-markets-q3-report-reveals/" target="_blank" rel="follow">one in three trades occurs after hours</a>.</p><p>"2023
posed many challenges for the trading and investment space, with declining
volumes seen across the industry, so I’m really pleased that Spectrum’s
performance remained relatively robust," said Nicky Maan, the CEO of <a href="https://www.financemagnates.com/tag/spectrum-markets/" target="_blank" rel="follow">Spectrum
Markets</a>.</p><p>The company added several new partnerships in 2023, including with Italian retail
broker Directa, Intercontinental Exchange's ICE Data Services Italy <a href="https://www.financemagnates.com/institutional-forex/acepi-embraces-spectrum-markets-as-the-first-mtf-associate/" target="_blank" rel="follow">and the Italian
Association of Certificates and Investment Products</a>. The company started 2024
with yet another partnership, becoming the first <a href="https://www.financemagnates.com/institutional-forex/spectrum-markets-joins-forces-with-leading-german-investment-group-in-2024/" target="_blank" rel="follow">to join the Frankfurt-based
Federal Association of Investment Firms</a> this year.</p><blockquote><p lang="en" dir="ltr">We are pleased to announce that Spectrum has become the first new member of the Frankfurt headquartered Federal Association of Investment Firms (bwf) in 2024.Find out more here: <a href="https://t.co/zTVbNbBuxu">https://t.co/zTVbNbBuxu</a><a href="https://twitter.com/hashtag/derivatives?src=hash&amp;ref_src=twsrc%5Etfw">#derivatives</a> <a href="https://twitter.com/hashtag/trading?src=hash&amp;ref_src=twsrc%5Etfw">#trading</a> <a href="https://twitter.com/hashtag/capitalmarkets?src=hash&amp;ref_src=twsrc%5Etfw">#capitalmarkets</a> <a href="https://t.co/WRchjvQpaT">pic.twitter.com/WRchjvQpaT</a></p>— SPECTRUM MARKETS (@SpectrumMarkets) <a href="https://twitter.com/SpectrumMarkets/status/1749773400069775767?ref_src=twsrc%5Etfw">January 23, 2024</a></blockquote><p>These deals
expand the range of products available to investors on the Spectrum venue and
make trading easier through a single pan-European identifier.</p><p>Index Products Hold the
Crown</p><p>The most
traded underlying assets on Spectrum in 2023 were the DAX 40 (29.4%), NASDAQ
100 (20.2%), and S&amp;P 500 (18.9%). 84.3% of volume was on index products,
with smaller portions in currencies, commodities, <a href="https://www.financemagnates.com/terms/e/equities/">equities</a>, and
cryptocurrencies.</p><p>"Looking
ahead to 2024, our focus remains on enhancing and expanding our venue by
improving <a href="https://www.financemagnates.com/terms/c/connectivity/">connectivity</a> options and trading infrastructure, as well as welcoming
more members," Maan said.</p><p>Spectrum
Markets, founded in 2017, aims to provide transparency and open access for
trading securities beyond regular European trading hours. The company is
headquartered in Frankfurt with locations across Europe.</p>

This article was written by Damian Chmiel at www.financemagnates.com.