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</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Flow Traders</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="Euronext_Amsterdam" title="Euronext Amsterdam">Euronext Amsterdam</a>: <a rel="nofollow" class="external text" href="https://euronext.com/products/equities/BMG3602E1084-XAMS/quotes">FLOW</a></td></tr><tr><th scope="row" class="infobox-label"><a href="International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data"><span class=""><a class="external text external" href="https://isin.toolforge.org/?language=en&isin=BMG3602E1084">BMG3602E1084</a></span></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2004</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="Amsterdam" title="Amsterdam">Amsterdam</a></div>, <div class="ib-company-country country-name">Netherlands</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Mike Kuehnel (<a href="Chief_executive_officer" title="Chief executive officer">CEO</a>)</td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><a href="Security_(finance)" title="Security (finance)">Securities trading</a>, <a href="Market_maker" title="Market maker">Market making</a>, <a href="High-frequency_trading" title="High-frequency trading">High-frequency trading</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span> <span style="white-space: nowrap">€933.4 million</span> (2020)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span> <span style="white-space: nowrap">€586.6 million</span> (2020)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">600 (2022)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://www.flowtraders.com">www<wbr>.flowtraders<wbr>.com</a></span></td></tr></tbody></table>

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</style><div role="note" class="hatnote navigation-not-searchable">Not to be confused with <a href="Flow_trading" title="Flow trading">flow trading</a>, a term used in Investment Banking.</div>

<p><b>Flow Traders</b> is a <a href="Proprietary_trading" title="Proprietary trading">proprietary trading</a> firm.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> A <a href="Market_maker" title="Market maker">market maker</a>, it provides liquidity in the <a href="Securities_market" title="Securities market">securities market</a> by using <a href="High_frequency_trading" class="mw-redirect" title="High frequency trading">high frequency</a> and <a href="Quantitative_trading" class="mw-redirect" title="Quantitative trading">quantitative trading</a> strategies.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup>

</p><p>Originally founded in Amsterdam, Flow Traders also has offices in New York, London, Milan, Paris, Cluj, Shanghai, Singapore, Chicago, and Hong Kong.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup>

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<div class="mw-heading mw-heading2"><h2 id="Activities">Activities</h2></div>

<p>Flow Traders continuously quotes bid and ask prices for Exchange Traded Products (ETPs), options, fixed income products, and currencies.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> In 2019, Flow Traders announced that it would also begin trading cryptocurrencies.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup>

</p><p>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.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> As of 2020, Flow Traders is Europe's largest ETF market maker.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup>

</p><p>In April 2020, Flow Traders established the Flow Traders Foundation, a charitable foundation that focuses on poverty alleviation. <a rel="nofollow" class="external free" href="https://flowtradersfoundation.org/">https://flowtradersfoundation.org/</a>

</p><p>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.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup>

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<div class="mw-heading mw-heading2"><h2 id="Initial_public_offering">Initial public offering</h2></div>

<p>The company filed for an <a href="Initial_public_offering" title="Initial public offering">initial public offering</a> on <a href="Euronext_Amsterdam" title="Euronext Amsterdam">Euronext Amsterdam</a> 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.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup>

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<div class="mw-heading mw-heading2"><h2 id="Coronavirus_pandemic">Coronavirus pandemic</h2></div>

<p>During the 2020 COVID-19 pandemic, Flow set up tents in their offices to allow employees to continue trading despite lockdown.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> It reported breakout profits in the same year, with profits up 3543%.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup>

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<div class="mw-heading mw-heading2"><h2 id="Change_of_corporate_holding_structure">Change of corporate holding structure</h2></div>

<p>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.<sup id="cite_ref-Bloomberg:_Flow_Traders_Ltd:_COMPLETION_OF_THE_CORPORATE_HOLDING_STRUCTURE_UPDATE_13-0" class="reference"><a href="#cite_note-Bloomberg:_Flow_Traders_Ltd:_COMPLETION_OF_THE_CORPORATE_HOLDING_STRUCTURE_UPDATE-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup>

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<div class="mw-heading mw-heading2"><h2 id="References">References</h2></div>

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</style><cite id="CITEREFAlbergotti2013" class="citation news cs1">Albergotti, Reed (2013-08-25). <a rel="nofollow" class="external text" href="https://online.wsj.com/article/SB10001424127887323980604579031034025132054.html">"Indictments Expected in Alleged Trading Code Theft"</a>. <i>Wall Street Journal</i>. <a href="ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0099-9660">0099-9660</a><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-22</span></span>.</cite></span>

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<li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ft.com/content/0abeb0b6-0b4e-11e8-8eb7-42f857ea9f09">"Virtu Financial, Flow Traders rise in volatile trade"</a>. <i>www.ft.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2016-09-23/dutch-speed-trader-is-taking-on-citadel-in-the-u-s-etf-market">"Dutch Speed Trader Is Taking on Citadel in U.S. ETF Market"</a>. <i>Bloomberg.com</i>. 2016-09-23<span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ft.com/content/cb19bcd4-1592-11e5-8e6a-00144feabdc0">"Trading firm Flow Traders to seek listing"</a>. <i>www.ft.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ft.com/content/e4369c82-4369-11ea-abea-0c7a29cd66fe">"Banks and fund managers come back for another bite at bitcoin"</a>. <i>www.ft.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ft.com/content/e9e28ea2-9991-11e9-9573-ee5cbb98ed36">"Bitcoin's second coming makes Wall Street think again on crypto"</a>. <i>www.ft.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><cite id="CITEREFSEC" class="citation web cs1">SEC. <a rel="nofollow" class="external text" href="https://sec.report/Document/0001466697-21-000007/">"Flow Traders U.s. Llc 2020 Annual Report X-17A-5"</a>. <i>SEC.report</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><cite id="CITEREFHadfield" class="citation web cs1">Hadfield, Will. <a rel="nofollow" class="external text" href="https://www.fnlondon.com/articles/europes-biggest-etf-trader-reports-blowout-profits-on-covid-market-volatility-20200814">"Europe's biggest ETF trader reports blowout profits on Covid market volatility"</a>. <i>www.fnlondon.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2022-05-10/flow-traders-executive-leaves-after-swedish-ski-trip-incidents">"Flow Traders Executive Leaves After Swedish Ski Trip Incidents"</a>. <i>Bloomberg.com</i>. 2022-05-10<span class="reference-accessdate">. Retrieved <span class="nowrap">2023-04-08</span></span>.</cite></span>

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<li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><cite id="CITEREFBray2015" class="citation news cs1">Bray, Chad (2015-06-30). <a rel="nofollow" class="external text" href="https://www.nytimes.com/2015/07/01/business/dealbook/flow-traders-ipo-value.html">"Flow Traders I.P.O. Could Value Dutch Firm at Up to $1.9 Billion (Published 2015)"</a>. <i>The New York Times</i>. <a href="ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a> <a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0362-4331">0362-4331</a><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-17</span></span>.</cite></span>

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<li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.ad.nl/werk/compleet-bedrijf-in-zelfisolatie-in-amsterdam-we-hebben-tenten-opgezet~aa5d62fb/?referrer=https://www.google.com/">"Company in self-isolation in Amsterdam: 'We have set up tents'"</a>. <i>Amsterdam Daily</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-24</span></span>.</cite></span>

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<li id="cite_note-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-12">^</a></b></span> <span class="reference-text"><cite id="CITEREFMolenaar2020" class="citation web cs1 cs1-prop-foreign-lang-source">Molenaar, Door Jeroen (2020-04-21). <a rel="nofollow" class="external text" href="https://www.quotenet.nl/zakelijk/a32217737/happy-campers-van-flow-traders-maken-winstsprong-van-3543/">"'Happy campers' van Flow Traders maken winstsprong van 35431%"</a>. <i>Quote</i> (in Dutch)<span class="reference-accessdate">. Retrieved <span class="nowrap">2021-03-24</span></span>.</cite></span>

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<li id="cite_note-Bloomberg:_Flow_Traders_Ltd:_COMPLETION_OF_THE_CORPORATE_HOLDING_STRUCTURE_UPDATE-13"><span class="mw-cite-backlink"><b><a href="#cite_ref-Bloomberg:_Flow_Traders_Ltd:_COMPLETION_OF_THE_CORPORATE_HOLDING_STRUCTURE_UPDATE_13-0">^</a></b></span> <span class="reference-text"><cite id="CITEREFBloomberg" class="citation web cs1">Bloomberg. <a rel="nofollow" class="external text" href="https://www.bloomberg.com/press-releases/2023-01-13/flow-traders-ltd-completion-of-the-corporate-holding-structure-update">"Flow Traders Ltd: COMPLETION OF THE CORPORATE HOLDING STRUCTURE UPDATE"</a>. <i>www.bloomberg.com/</i>. Bloomberg<span class="reference-accessdate">. Retrieved <span class="nowrap">19 January</span> 2023</span>.</cite></span>

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<div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2></div>

<ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="https://www.flowtraders.com">Official website</a></span></span></li></ul></div><div><div class="zim-footer">

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