Flow Traders
{{Short description|Financial services company}}
{{Infobox company
| name = Flow Traders
| logo = Flow Traders Logo.png
| type = Public
| traded_as = {{EuronextAmsterdam|FLOW|BMG3602E1084|XAMS}}
| ISIN = {{ISIN|sl=n|pl=y|BMG3602E1084}}
| industry = Financial services
| founded = 2004
| founder =
| hq_location_city = Amsterdam
| hq_location_country = Netherlands
| key_people = Mike Kuehnel (CEO)
| products = Securities trading, Market making, High-frequency trading
| revenue = {{Increase}} {{€|933.4 million|link=no}} (2020)
| operating_income = {{Increase}} {{€|586.6 million|link=no}} (2020)
| num_employees = 600
| num_employees_year = 2022
| website = {{URL|https://www.flowtraders.com}}
}}
Flow Traders is a proprietary trading firm.{{Cite news|last=Albergotti|first=Reed|date=2013-08-25|title=Indictments Expected in Alleged Trading Code Theft|language=en-US|work=Wall Street Journal|url=https://online.wsj.com/article/SB10001424127887323980604579031034025132054.html|access-date=2021-03-22|issn=0099-9660}} A market maker, it provides liquidity in the securities market by using high frequency and quantitative trading strategies.{{Cite web|title=Virtu Financial, Flow Traders rise in volatile trade|url=https://www.ft.com/content/0abeb0b6-0b4e-11e8-8eb7-42f857ea9f09|access-date=2021-03-17|website=www.ft.com}}
Originally founded in Amsterdam, Flow Traders also has offices in New York, London, Milan, Paris, Cluj, Shanghai, Singapore, Chicago, and Hong Kong.{{Cite news|date=2016-09-23|title=Dutch Speed Trader Is Taking on Citadel in U.S. ETF Market|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2016-09-23/dutch-speed-trader-is-taking-on-citadel-in-the-u-s-etf-market|access-date=2021-03-17}}{{Cite web|title=Trading firm Flow Traders to seek listing|url=https://www.ft.com/content/cb19bcd4-1592-11e5-8e6a-00144feabdc0|access-date=2021-03-17|website=www.ft.com}}
Activities
Flow Traders continuously quotes bid and ask prices for Exchange Traded Products (ETPs), options, fixed income products, and currencies.{{Cite web|title=Banks and fund managers come back for another bite at bitcoin|url=https://www.ft.com/content/e4369c82-4369-11ea-abea-0c7a29cd66fe|access-date=2021-03-17|website=www.ft.com}} In 2019, Flow Traders announced that it would also begin trading cryptocurrencies.{{Cite web|title=Bitcoin's second coming makes Wall Street think again on crypto|url=https://www.ft.com/content/e9e28ea2-9991-11e9-9573-ee5cbb98ed36|access-date=2021-03-17|website=www.ft.com}}
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.{{Cite web|last=SEC|title=Flow Traders U.s. Llc 2020 Annual Report X-17A-5|url=https://sec.report/Document/0001466697-21-000007/|access-date=2021-03-17|website=SEC.report|language=en}} As of 2020, Flow Traders is Europe's largest ETF market maker.{{Cite web|last=Hadfield|first=Will|title=Europe's biggest ETF trader reports blowout profits on Covid market volatility|url=https://www.fnlondon.com/articles/europes-biggest-etf-trader-reports-blowout-profits-on-covid-market-volatility-20200814|access-date=2021-03-17|website=www.fnlondon.com|language=en-GB}}
In April 2020, Flow Traders established the Flow Traders Foundation, a charitable foundation that focuses on poverty alleviation.{{Citation needed|date=October 2021}} 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.{{Cite news |date=2022-05-10 |title=Flow Traders Executive Leaves After Swedish Ski Trip Incidents |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-05-10/flow-traders-executive-leaves-after-swedish-ski-trip-incidents |access-date=2023-04-08}}
Initial public offering
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.{{Cite news|last=Bray|first=Chad|date=2015-06-30|title=Flow Traders I.P.O. Could Value Dutch Firm at Up to $1.9 Billion (Published 2015)|language=en-US|work=The New York Times|url=https://www.nytimes.com/2015/07/01/business/dealbook/flow-traders-ipo-value.html|access-date=2021-03-17|issn=0362-4331}}
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.{{cite web |last1=Bloomberg |title=Flow Traders Ltd: COMPLETION OF THE CORPORATE HOLDING STRUCTURE UPDATE |url=https://www.bloomberg.com/press-releases/2023-01-13/flow-traders-ltd-completion-of-the-corporate-holding-structure-update |website=www.bloomberg.com/ |publisher=Bloomberg |access-date=19 January 2023}}
References
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External links
- {{official|https://www.flowtraders.com}}
{{authority control}}
Category:Companies listed on Euronext Amsterdam
Category:Financial services companies of the Netherlands