Spectre Results Q3 (Year 4)

We have now published our performance results for the third quarter (October to December 2021) of our fourth financial year (2021/22).

Weaker trading volumes were evident this quarter, in line with other retail platforms that have seen the activity of their clients drop compared to previous quarters.

As trading volumes slowed so too did the number of new registrations. This is due primarily to the general slowing of the retail trading boom that began with pandemic lockdowns; as economies reopened in the second half of 2021, people have been finding other ways to spend their money pausing or reducing their trading activities.

To put this in perspective, average daily trading volumes in FX markets generally fell 7% in December versus the same month a year earlier, according to CLS (a major settler of trades in FX markets) with turnover dropping to $1.64 trillion a day (December 2021) from $1.76 trillion (December 2020).

Besides Spectre.ai’s contributions to SXDT, rewards paid out to investors near enough matched the all-time-high of the previous quarter, down by less than $5K sitting at $259,650 (Q2) and $255,125 (Q3) respectively. This was driven by the project’s market making and investing operations along with SkillGaming, which is now starting to make meaningful contributions to SXDT.

The DALP (liquidity pool) saw an increase of $60K from trading.

Y4 Q3 Full Results:

  • The total number of traders by the end of this quarter rose to 9,412.
  • Active number of traders during this quarter: 1,467.
  • The total number of registrations, as of 30th December, stands at 129,623. From these 7,790 registered within this quarter.
  • Volume traded during this quarter was down by approximately 10% from previous quarter, at $2,978,814.
  • Volume traded since launch: $40,104,667.
  • Winnings paid out during this quarter: $1,280,969.
  • SXDT Rewards paid out during this quarter: $255,125.
  • No. of traders who used SXUT to upgrade: 127.
  • Decentralisation factor continues to drop each quarter, and stood at 0.66% this quarter, which is the lowest level we have seen.

As mentioned in the last performance update (Platform 2.0 which went live in December 2021), some ongoing platform upgrades are expected to go live soon with the launch of the new front-end trading platform. For users this will mean a significantly faster trading experience with lighter charts, improved layout, easy to navigate menus and with close to 200 assets, eventually, for trading. This should be fully released with new charting within Q4 and will be accessible on mobile too.

Upgraded platform to be released in Q4. Still under development, so may still be subject to change.

Following this, as per the white-paper in 2017, A-Book integration will begin as we partner with a major regulated CIF liquidity provider to bring traditional equities, forex, indices, crypto and other assets to Spectre.ai, thereby dramatically increasing the scope of the platform and allowing traders to buy and sell close to 2,000 assets with and without leverage. The A-book integration will also incorporate social trading along with expanded access of our ‘broker-less’ wallet with key new blockchains such as AVAX. This is a complex deliverable and will see the completion of the roadmap.

Other major integrations expected in the first half of 2022 include token launches and listings on Spectre Exchange with our growing list of partners, the acquisition of more customers at SkillGaming and integrations at Phoenix.

The firm will be holding a strategic webinar in February to discuss the results of the third quarter of 2021/22, the developments that took place during this period and other items on the future of the project.

Regulatory Notice: Spectre.ai is strictly closed to U.S citizens. Trading and investing involves high risk and you can lose all your money.

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