Flow Traders
 | |
| Company type | Public |
|---|---|
| Euronext Amsterdam: FLOW | |
| ISIN | BMG3602E1084 |
| Industry | Financial services |
| Founded | 2004 |
| Headquarters | , Netherlands |
Key people | Mike Kuehnel (CEO) |
| Products | Securities trading, Market making, High-frequency trading |
| Revenue |  €933.4 million (2020) |
| €586.6 million (2020) | |
Number of employees | 600 (2022) |
| Website | www |
Flow Traders is a proprietary trading firm.[1] A market maker, it provides liquidity in the securities market by using high frequency and quantitative trading strategies.[2] Originally founded in Amsterdam, Flow has offices in New York, London, Milan, Paris, Cluj, Singapore, and Hong Kong.[3][4]
Activities
Flow Traders continuously quotes bid and ask prices for Exchange Traded Products (ETPs), options, fixed income products, and currencies.[5] In 2019, Flow Traders announced that it would also begin trading cryptocurrencies.[6]
One of the world's largest ETP market makers, it provides liquidity for more than 13,000 ETP listings across North America, Europe, and Asia Pacific.[7] As of 2020, Flow Traders is Europe's largest ETF market maker.[8]
In April 2020, Flow Traders established the Flow Traders Foundation, a charitable foundation that focuses on poverty alleviation.[citation needed] https://flowtradersfoundation.org/
IPO
The company filed for an initial public offering on Euronext Amsterdam on 10 July 2015. The shares were placed at a price of €32 each, with Flow valued at approximately €1.5 billion. Flow Traders floated up to 40% of the company.[9]
Coronavirus Pandemic
During the 2020 COVID-19 pandemic, Flow set up tents in their offices to allow employees to continue trading despite lockdown.[10] It reported breakout profits in the same year, with profits up 3543%.[11]
Change of Corporate Holding Structure
On 13 January 2023 Flow Traders announced the completion of the update of its corporate holding structure. As a result of the corporate holding structure update, Flow Traders' ultimate holding company is now Flow Traders Ltd and its shares remain on Euronext Amsterdam.[12]
See also
References
- ^ Albergotti, Reed (2013-08-25). "Indictments Expected in Alleged Trading Code Theft". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-22.
- ^ "Virtu Financial, Flow Traders rise in volatile trade". www.ft.com. Retrieved 2021-03-17.
{{cite web}}: CS1 maint: url-status (link) - ^ "Dutch Speed Trader Is Taking on Citadel in U.S. ETF Market". Bloomberg.com. 2016-09-23. Retrieved 2021-03-17.
- ^ "Trading firm Flow Traders to seek listing". www.ft.com. Retrieved 2021-03-17.
{{cite web}}: CS1 maint: url-status (link) - ^ "Banks and fund managers come back for another bite at bitcoin". www.ft.com. Retrieved 2021-03-17.
{{cite web}}: CS1 maint: url-status (link) - ^ "Bitcoin's second coming makes Wall Street think again on crypto". www.ft.com. Retrieved 2021-03-17.
{{cite web}}: CS1 maint: url-status (link) - ^ SEC. "Flow Traders U.s. Llc 2020 Annual Report X-17A-5". SEC.report. Retrieved 2021-03-17.
- ^ Hadfield, Will. "Europe's biggest ETF trader reports blowout profits on Covid market volatility". www.fnlondon.com. Retrieved 2021-03-17.
- ^ Bray, Chad (2015-06-30). "Flow Traders I.P.O. Could Value Dutch Firm at Up to $1.9 Billion (Published 2015)". The New York Times. ISSN 0362-4331. Retrieved 2021-03-17.
- ^ "Company in self-isolation in Amsterdam: 'We have set up tents'". Amsterdam Daily. Retrieved 2021-03-24.
{{cite web}}: CS1 maint: url-status (link) - ^ Molenaar, Door Jeroen (2020-04-21). "'Happy campers' van Flow Traders maken winstsprong van 35431%". Quote (in Dutch). Retrieved 2021-03-24.
- ^ Bloomberg. "Flow Traders Ltd: COMPLETION OF THE CORPORATE HOLDING STRUCTURE UPDATE". www.bloomberg.com/. Bloomberg. Retrieved 19 January 2023.