Flow Traders/€FLOW

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About Flow Traders

Flow Traders is a proprietary trading firm that specializes in providing liquidity in financial markets, particularly within the exchange-traded product (ETP) markets. Established in 2004, the company engages in arbitrage and market-making strategies to facilitate efficient trading and pricing. Headquartered in Amsterdam, Flow Traders operates globally with offices in key financial centers including New York, Singapore, and Hong Kong, allowing it to maintain a broad geographic presence. Its strategic advantage lies in its sophisticated technology platform and strong quantitative trading capabilities, enabling it to navigate diverse markets and deliver continuous liquidity. The firm places significant emphasis on risk management and data-driven decision-making to maintain its market position.

Ticker

€FLOW
Sector

Primary listing

AEX

Employees

607

Flow Traders Metrics

BasicAdvanced
€1.1B
5.95
€4.20
0.18
-

What the Analysts think about Flow Traders

Majority rating from 5 analysts.
Hold

Bulls say / Bears say

Flow Traders posted an 89% increase in total income, reaching €143.9 million, and net profit surged 295% to €51.3 million in Q2 2025, primarily due to rising market volatility and record ETP trading volumes.
AllUnity, the joint venture between Flow Traders, DWS, and Galaxy Digital, obtained BaFin approval in July 2025 to issue a regulated stablecoin denominated in euro. This positions Flow Traders to capture the increasing institutional demand for regulated digital assets.
Trading capital grew to €831 million by the end of Q2 2025, delivering a 75% return on average trading capital. This highlights Flow Traders’ effective capital deployment and strong return profile.
Profitability may not be sustainable, since much of Q2’s strong trading activity resulted from a spike in volatility early in April. With market volatility subsiding in May and June, there is a risk that net trading income will fall sharply if volatility declines further.
Total operating expenses increased 40% year-over-year in Q2 2025—driven mainly by a 134% jump in variable employee costs and higher spending on technology. This could squeeze EBITDA margins if revenue growth slows.
The announced CEO change—Mike Kuehnel leaving at the end of August and Thomas Spitz's nomination pending—introduces execution risk at the leadership level, potentially disrupting strategic direction during an important phase of growth.
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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