Spectrum Markets, a pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing that trading volume grew by 44% year-on-year.
Some 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 8th March when more than 23,000 trades were placed amid heightened market activity linked to Russia’s war in Ukraine.
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%).
