Report
Julian Dobrovolschi

Flow Traders : Q4 2023e preview; NTI of € 74m and EBITDA of € 16.7m

>Conclusion: market conditions not yet in the sweet spot, Neutral reiterated - - Q4 2023 volumes accelerated well across all end-markets on a QoQ basis, albeit from a low base. That said, the low volatility environment in the core ETP market was a clear drag to NTI. We expect a somewhat higher contribution to NTI this quarter from the single bond and digital assets trading strategy. Overall, we forecast NTI of € 74.1m in Q4 2023, up 10% QoQ, but still down c.36% YoY given ...
Underlying
FLOW TRADERS LTD

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Julian Dobrovolschi

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