{"id":131992,"date":"2021-07-13T11:40:15","date_gmt":"2021-07-13T11:40:15","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131992"},"modified":"2021-07-13T11:40:15","modified_gmt":"2021-07-13T11:40:15","slug":"spectrum-markets-reports-86-growth-in-q2-trading-volumes","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/spectrum-markets-reports-86-growth-in-q2-trading-volumes\/","title":{"rendered":"Spectrum Markets Reports 86% Growth in Q2 Trading Volumes"},"content":{"rendered":"
Spectrum Markets today released its Q2 2021 business updated and reported strong growth in trading volumes during the second quarter of 2021. According to the latest report, a total of 182 million securitized derivatives were traded on the exchange during Q2 2021, which is 86% higher compared to the same period last year.<\/p>\n
In Q2 2020, Spectrum Market saw trading of 98 million securitized derivatives on the exchange. Overall performance in the first half of 2021 was even stronger as the trading venue saw 146% year-on-year growth in trading volumes during H1 2021.<\/p>\n
Headquartered in Germany, Spectrum Markets is a pan-European trading venue for securitized derivatives aimed at financial institutions and their retail investors. Spectrum Markets is regulated by BaFin.<\/p>\n
Commented on the recent numbers, Nicky Maan, CEO of Spectrum Markets, said: \u201cAchieving strong and sustained organic growth continues to be one of our top priorities, so it\u2019s great to see how far we\u2019ve come since this time last year. Our 24\/5 pan-European trading proposition has proved tremendously popular as the European retail investor community grows in size and sophistication, and we have a number of exciting new developments lined up for the months ahead.\u201d<\/p>\n
Spectrum Markets has seen consistent growth in trading volumes since its launch amid a surge in demand for different financial products.<\/p>\n
In the second quarter of 2021, Spectrum Markets saw a jump in trading activity across indices, foreign exchange (FX) pairs, and commodities. \u201cDuring Q2 2021, 34.2% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 85.1% of this activity was on indices, 8.9% on currency pairs, and 6% on commodities, with the top three traded underlying markets being OMX 30 (28%), DAX 30 (23.6%) and S&P 500 (11.4%),\u201d Spectrum Markets added in the press release.<\/p>\n
The trading venue highlighted that the most traded underlying products during the latest quarter were OMX 30, DAX 30, and S&P 500. Spectrum Markets\u00a0is the trading name of Spectrum MTF Operator GmbH.<\/p>\n