Directa stands as one of the major trading platforms in Italy, and has recently published its trading metrics for the year of 2020. According to these published metrics, Directa has witnessed an overall increase of 53.3% in trade volumes when viewed year-over-year with 2019.
Massive Increase In Volumes
Alongside this, the Italian trading platform detailed that the Italian stock market’s order numbers saw a significant increase, as well, gaining more than 40%. Borsa Italiana saw an annual order increase, as well, albeit slightly less. The platform saw a 35.8% annual increase.
However, the thing that really shown in this report is the incredible increase in demand for US-listed stocks, far outshining that of the local market’s demand. The US-listed stocks saw a year-on-year increase in volumes by a factor of 273%. One of the key drivers for this massive surge can be attributed to the stock market volatility caused by the COVID-19 induced lockdowns. While many suffered, the brokerages not only managed to stay unscathed, but gain great boons out of it.
Various Other Increases
Directa had further highlighted the intermediate trading growth within the exchange. It reported that the brokerage saw a demand increase by a factor of 17.4%. This stands as double the growth of the industry at large, which saw a rise of 9.6% in total.
The platform saw a spike in demand for futures, as well, spread across all markets. Directa saw an increase of 30.8% when it comes to Idem-listed contracts, with CME contracts going up 42.9% and Eurex going up by $38.8%.
Credit Given To The Directa Team
Directa itself stands as one of the oldest trading platforms of Italy, having been operation since 1996. As time went on, however, Directa has evolved to stay relevant. The platform offers immediate digitized execution services. Much like any other trading platform during these turbulent times, Directa had seen a significant increase in new accounts. The Italian exchange saw an increase of 33.5% compared to the previous year.
Vincenzo Tedeschi stands as the Chief of Directa, and gave comments about the events at large. He explained that Directa as a platform has done better than the market average, giving the credit to the team at Directa as well as collaborators. He focused on his team, in particular, praising their ability to manage such emergency circumstances while managing the standard set for customer services to ensure it remains at high quality.