The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks for digging that out Victor. Pretty small beer at the moment then? Growth at hose rates will have to continue for a few years before this meaningfully hits bottom line?
Page 42
Spectrum, the pan-European multilateral trading facility (MTF)
which launched in October 2019 (FY20), delivered £4.9 million revenue compared with £0.6 million in FY20. During FY21,
3,800 new clients were onboarded, an increase of 44% on FY20.
https://www.iggroup.com/sites/ig-group/files/2021-10/ig-group-ar21.pdf
From the Annual Report
Page 37
Spectrum, our pan-European
multilateral trading facility (MTF),
continued to build momentum in
FY21 following its launch in October
2019 (FY20), doubling its client base
to 5,400 while more than tripling the
revenue per client.
We have replaced Significant
Opportunities with ‘High Potential
Markets’, which now includes those
businesses where we anticipate
higher rates of medium-term growth
and further diversification of the
Group’s revenue. This brings together
all of our US businesses, including
tastytrade, and Spectrum in Europe.
Pro forma FY21 revenue from this
portfolio would have been £136.7
million, of which £100.6 million would
have been contributed by tastytrade.
Page 43
US OTC leveraged revenue was £11.6 million, an increase of 101% on FY20. Active clients increased to 14,600, a 95% increase
on FY20 as the client base continues to build. Average revenue per client increased 3% on FY20.
https://www.iggroup.com/sites/ig-group/files/2021-10/ig-group-ar21.pdf
First Quarter Revenue Update
tastytrade delivered another consecutive record quarter of revenue. In the approximately two month period since completion, it delivered revenue of £20.8 million.
High Potential Markets revenue was £29.6 million in the quarter, reflecting strong growth at tastytrade and Spectrum, offset by revenues from Nadex, which experienced reduced client activity. Pro forma revenue, which includes a full quarter of tastytrade was £38.2 million (pro forma Q1 FY21: £32.9 million) was up 16%.
https://www.lse.co.uk/rns/IGG/first-quarter-revenue-update-tzru88jwq0ewxb0.html
Interesting, but it simply talks about trades, not revenue, and hence it's hard to work out significance for IG as a whole?
Thank you Victor!
Useful information
07.10.21
SPECTRUM MARKETS: Q3 TRADING VOLUMES GREW 94% ON PREVIOUS YEAR
• 198 million securitised derivatives traded in Q3 2021 compared to 102 million in Q3 2020
• Most traded underlyings were DAX 40, NASDAQ 100 and OMX 30
• Last 12 months’ trading volumes increased 173% year-on-year
Spectrum Markets, the pan-European trading venue for securitised derivatives, has released its latest Quarterly Business Update, revealing continued positive momentum as it reaches its two-year anniversary.
Third-quarter trading volume grew by 94% year-on-year. 198 million securitised derivatives were traded on the exchange from July to September, compared to 102 million during the same period last year, underlining the firm’s continued strong growth.
During the quarter Spectrum also saw the one-billionth securitised derivative traded, ahead of its second anniversary on October 3rd. Looking at the first two years of trading further illustrates the progress Spectrum has made, with the number of securitised derivatives traded in October 2020 to September 2021 increasing by 173% on the same period the year before.
“Delivering another strong quarter of organic growth in which we hit the one-billion milestone is a great way to see in our second birthday, and I’m very proud of the progress we have made in those two years,” said Nicky Maan, CEO of Spectrum Markets. “We continue to make very good headway on our long-term growth plan, with the addition of Turbos on equities to our portfolio last month being a particular highlight.”
“Looking ahead, the next 12 months will be about continuing to develop the platform by further improving and extending connectivity options and trading infrastructure, as well as welcoming new members to the venue and exploring new product opportunities.”
During Q3 2021, 33.3% of individual trades took place outside of traditional hours (i.e. between 17:30 and 9:00 CET). 84.1% of this activity was on indices, 8% on currency pairs,7.7% on commodities, and 0.2% on equities, with the most traded underlyings being DAX 40 (28.6%), NASDAQ 100 (15.2%) and OMX 30 (15.1%).
https://www.spectrum-markets.com/newsroom/spectrum-markets-q3-trading-volumes-grew-94-percent-on-previous-year