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]
 | |
| 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 |
Originally founded in Amsterdam, Flow Traders also has offices in New York, London, Milan, Paris, Cluj, Shanghai, Singapore, Chicago, and Hong Kong.[3][4]
Activities
editFlow 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/
In 2022, Flow Traders announced the departures of its Chief Risk Officer, Britta Achmann, Chief Technology Officer, Thomas Wolff, and Chief Executive Officer, Dennis Dijkstra. In 2023, Mike Kuehnel assumed the role of CEO at Flow Traders.[9]
Initial public offering
editThe 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.[10]
Coronavirus pandemic
editDuring the 2020 COVID-19 pandemic, Flow set up tents in their offices to allow employees to continue trading despite lockdown.[11] It reported breakout profits in the same year, with profits up 3543%.[12]
Change of corporate holding structure
editOn 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.[13]
References
edit- ^ 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.
- ^ "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.
- ^ "Banks and fund managers come back for another bite at bitcoin". www.ft.com. Retrieved 2021-03-17.
- ^ "Bitcoin's second coming makes Wall Street think again on crypto". www.ft.com. Retrieved 2021-03-17.
- ^ 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.
- ^ "Flow Traders Executive Leaves After Swedish Ski Trip Incidents". Bloomberg.com. 2022-05-10. Retrieved 2023-04-08.
- ^ 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.
- ^ 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.