KBC Securities - FLOW TRADERS LTD (FLOW) Flow Traders Trump uplift in market volatility short-lived

Report

KBC Securities

Thomas Couvreur

Flow Traders Trump uplift in market volatility short-lived

In April we published the note “Trump volatility resulting in a massive tailwind”, where we were banking on a strong 2Q25 for Flow Traders on the back on economic turmoil caused by Trump's trade war. Despite continued erratic actions from the White House, combined with a significant escalation in the Middle East, market volatility virtually fully normalized. The strong quarter for Flow Traders we were expecting clearly did not materialize.

09/07/2025 1 EN

Underlying

FLOW TRADERS LTD

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BMG3602E1084 Euronext Amsterdam Netherlands

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Couvreur

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Flow Traders Trump uplift in market volatility short-lived

We are a financial services provider for several types of professional clients, each with distinct needs.

Morning Notes : O3I NA, AZLGF BB, EKOP BB

Benelux Morning Notes

Immobel After the through, increase to Buy

Morning Notes : O3I NA, AZLGF BB, EKOP BB

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