Flow Traders : Revenue capture in the US also normalised to bid-ask spreads
>FLOW reports solid results in a normalised quarter - For a normalised quarter, Flow Traders reported solid results, in our view. Q2 2021 NTI amounted to €94.4m, which was 5% ahead of consensus and 7% ahead of our estimate. This was the second-strongest quarter ever. EBITDA amounted to €40.3m, which was 4% ahead of consensus and 10% ahead of our estimate. Both Europe and Asia were ahead of expectations. The US was below consensus, but in line with our estimate. By rep...Flow Traders Cooperatief UA is a global technology-enabled liquidity provider, which specializes in Exchange Traded Products (ETPs). As a technology company operating in a financial services industry, Co. uses its proprietary technology platform to quote, bid and ask prices in thousands of ETP listings, as well as similar financial products. Co. also provides liquidity to institutional counterparties off-exchange across all regions. Liquidity provision makes markets more efficient and transparent, promoting better execution quality and lower overall trading costs for market participants.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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