ETP liquidity providers Flow Traders has published its 2017 annual report, revealing ETP value traded by Flow Traders over the year was EUR686 billion, up from EUR640 billion in 2016.
The board noted that 2017 was a year which witnessed subdued investor activity on the markets, leading to reduced market activity. This was reflected in a 34 per cent drop in net trading income over the year, from EUR250 million in 2016, to EUR166 million in 2017.
Profit before tax for the company was EUR48.4 million for 2017, against 2016’s figure of EUR109.4 million.
Flow Traders writes that their focus has continued to be on long-term value creation, with the launch of a foreign exchange trading desk and an office in Hong Kong.
“We opened an office in Hong Kong, continued to grow our institutional counterparty base, and laid the groundwork for future expansion into new markets. At the same time, we ensured we are fully prepared for the introduction of MiFID II, and continued to invest in our people and unique culture.”
Flow Traders reports that it trades in over 10,000 financial instruments, and has access to more than 100 trading venues in 36 countries around the world. It provides liquidity in over 5,500 ETP listings on- and off-exchange. Off-exchange, the firm provides liquidity in ETPs on a request-for-quote (RFQ) basis to over 700 institutional counterparties around the world.