Report
Julian Dobrovolschi

Flow Traders : Cons bullish on US revenue capture, but we expect more upside in Europe

>We are 5% ahead of consensus on group NTI for Q1 2022 - Last week Thursday FLOW distributed the compiled consensus figures for Q1 2022. For the coming quarter, consensus forecasts an NTI of € 126.3m, which is 5% below our forecast (AA-OBe €132.9m). In terms of differences in the mix, we area 16% ahead of consensus for Europe NTI, while more conservative on the company performance in the US and Asia. It appears to us that consensus did not take into account the compan...
Underlying
Flow Traders NV

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.

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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