Flow Traders : Strong start of the year
>We increase our 1Q21 NTI by 13% to €130m from €115 - We expect FLOW started the year strong. Based on our prop model we estimate NTI at €95-115m in the first two months of 2021. We therefore increase our 1Q21 NTI by 13% to €130m from €115m. 1Q21 Bloomberg consensus consists of one analysts estimate of €74m) which is not reliable in our view. Looking at FY20 NTI Bloomberg consensus excluding our old estimate, we are 17% ahead. January and February strong...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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