Spectrum Markets Rallies 188% On Strong Q1 Results

Spectrum Markets hit a new high after the brokerage firm reported a 44 percent rise in trading volume for the quarter ended March 2022. The company is one of the largest firms offering securities derivatives trading services across Europe.

In the past three months, the securitized derivatives traded zoomed 300million, as compared to 207 million observed in the preceding quarter.

The growth has been aided by strong growth in client base and high client activity. Moreover, the March 8 spike in trading volume also contributed after 23000 traders were executed. This was caused by market volatility experienced due to Russia and Ukraine.

The CEO of Spectrum Markets, Nicky Maan says: “We’ve had a very successful start to 2022, delivering a strong first quarter of growth, and building on the foundations of our already robust and innovative pan-European trading ecosystem to further enhance connectivity and expand our partner network.”

On a sequential basis, trading volume hit 188 percent representing the €771 million mark.

“I’m particularly pleased to see European retail investors remain very active in international markets, underlining our confidence that this trend is more permanent, and highlighting the important role securitized derivatives can play in their portfolios,” the CEO added.

The Promising Business Edge

Total client assets at the firm unit and the turnover inched up to 93 percent in 2021, displaying €1.35 billion. The current graph projects a spectacular growth as the time progresses, from the increasing number of clients to expanding the revenue generated if a similar pace persists.

“We’ve made some big announcements already this year, and there are more to follow, so we’re looking forward to taking Spectrum Markets on to the next phase of its evolution, welcoming new members to the venue, expanding our range of products, and continuing to build out our ‘plug and play’ trading infrastructure around Europe,” the CEO said.