Its quarterly revenue was €771 million.
During that time, the platform's trading volume increased by 44 percent.
Spectrum Markets, a provider of securities derivatives trading services throughout Europe, reported a 44 percent increase in trading volume year on year in the first three months of 2022.
According to the press release obtained by Finance Magnates, 300 million securitized derivatives were traded in the third quarter, up from 207 million in the same time the previous year.
CEO Nicky Maan: “We've had a very good start to 2022. We've grown a lot in the first quarter of this year. We've also expanded on the foundations we already had in place to strengthen and expand our partner network.”
The platform's daily trading activity peaked on March 8, with over 23,000 deals conducted. The market instability caused by geopolitical tensions between Russia and Ukraine exacerbated it.
At the given time, the overall turnover of the Frankfurt-based trading venue totaled €771 million. It was an increase of 188 percent year on year.
People in Europe are still very interested in investing in foreign markets, which shows that this trend will keep going and shows how important securitized derivatives could be in their portfolios, Maan said.
Spectrum's services are available in several European nations, including Germany, France, Italy, Spain, Sweden, Norway, the Netherlands, Ireland, and Finland. In recent years, the platform has seen rapid expansion.
WikiFX had estimated that the trading platform's turnover would increase by 93 percent in 2021, hitting €1.35 billion. People say that, based on the current trend, the platform will only beat these numbers in the first two quarters of the current year.
Spectrum Markets Aggressive Growth
“We've already made some big announcements this year, and there will be more,” Maan said. The next step for Spectrum Markets is to grow, even more, add more products, and build out our “plug and play” trading infrastructure across Europe.
