Flow Traders

This week, CEO Mike Kuehnel spoke with Het Financieele Dagblad about our Q3 2024 update and the strategic decisions driving our results. By increasing retained earnings, as announced in July, we’ve been able to scale our trading capital effectively, and immediately capitalized on key market opportunities in the quarter. Mike also emphasized Flow Traders’ intention to continue investing in growth areas, particularly in Asia, and noted the increasing popularity of ETFs as a driver for future success. Read the full article here: https://lnkd.in/emCeyujZ

Together with Deribit, we hosted an incredible Halloween kick-off event for the W3BWAVE talent pool, building a community of future digital asset leaders! The event was packed with insights, learning, and opportunities to connect with others passionate about the crypto space. David van Eijnatten (Deribit) and Michael Lie (Flow Traders) shared valuable perspectives on the digital asset landscape and their experiences working at both firms. We were also inspired by Rudolf van Ee 🕵️♂️ and Raoul Esseboom from BCNL Foundation, who introduced their crypto association and highlighted the power of community in this fast-evolving industry. Thank you to everyone who helped make this event special. Here's to building a strong, connected community through W3BWAVE!

Flow Traders 3Q24 Trading Update has been published. 🟥 Net Trading Income increased by 59% to €107.3m 3Q24 🟥 ETP Value Traded increased by 9% in 3Q24 when compared to the same period last year 🟥 Net Profit was €37.5m in 3Q24, yielding a basic EPS of €0.87, compared to a Net Profit of €6.3m and EPS of €0.15 in 3Q23 CEO, Mike Kuehnel, commented: “Following the strategic decision to accelerate the expansion of our trading capital base last quarter, we successfully demonstrated the validity of our growth and diversification strategy and capital expansion plan by delivering another triple-digit NTI quarter. This is the second time this year and the best third quarter result in the company’s 20-year history. The additional capital, following the suspension of the firm’s dividend payments and the addition of a bank term loan, coupled with the increase in volatility, enabled us to deliver a 58% return on trading capital in the quarter. The ability to effectively capture the opportunities that arose during the sudden, but short-lived, spike in volatility in early August across financial markets globally demonstrated the continued robustness of our trading strategies and further validates our growth and diversification strategy." Read more here https://lnkd.in/eu_KFu6y

We’re thrilled to announce that AllUnity, our joint venture with DWS Group and Galaxy, has taken another major step towards launching its EUR-denominated stablecoin. With the global stablecoin market now exceeding $160 billion, AllUnity is strategically positioned to bring a reliable, stable Euro-backed stablecoin solution to the ecosystem. They have welcomed accomplished leaders, Peter Grosskopf as CTO / COO and Rupertus Rothenhaeuser as CCO to the team!

We are delighted to announce our strategic partnership with Wormhole! This collaboration marks a significant step forward in enhancing cross-chain connectivity and liquidity within the blockchain ecosystem. "We're thrilled to partner with Wormhole, both as an investor and a solver. Their focus on scalability and transparency aligns perfectly with Flow Traders' mission and objectives in the DeFi space. Given our role across the ecosystem, we have a unique perspective into the factors driving digital asset adoption and one of the biggest challenges we see is the fragmentation within multi-blockchain ecosystems. To enable broader adoption of digital assets, it's essential to simplify and unify the ecosystem while enhancing interoperability, making it more cost-effective and accessible for all participants. Wormhole is addressing this challenge, and we believe their innovative approach will be pivotal in driving the next wave of adoption." Michael Lie (Global Head of Digital Assets) Stay tuned for more updates on our journey together! Read more about this exciting partnership https://lnkd.in/e2qBWgEq

We're hiring! Join Flow Traders as the new Senior Research Engineer in our New York, Amsterdam, Chicago or London office! As a Senior Research Engineer at Flow Traders you will: 📊 Assist in leading the development of our trading model research framework 🖥️ Develop tools/ frameworks for use by our Quantitative Researchers and Traders 🤝 Work with various teams to refine requirements, collect feedback and iterate on design and implementation research tools Also, you will collaborate with passionate and talented colleagues from all over the globe, and together work towards driving transparency and efficiency in financial markets. Apply now: https://lnkd.in/eRCMynVA

We were delighted to welcome our valued partners and counterparties to our London office to connect and share the latest developments from Flow Traders. It was a wonderful opportunity to exchange ideas and perspectives as we prepare for the year ahead. We sincerely appreciate everyone who attended and contributed to the event's success. Thank you all for being part of it! 

Get to know the talented team behind Flow Traders! Meet Kaitlyn: A Recruiter since 2019, based in New York, Kaitlyn supports the U.S. campus recruitment as well as our hiring for product development and trading operations teams. For Kaitlyn, what makes Flow Traders truly unique is the strong sense of community; one that goes beyond the day-to-day and builds meaningful connections. We’re proud to foster this collaborative environment that makes working here special! If you're looking to join a great team with ambitious colleagues, check out our open roles across our organization: https://lnkd.in/eSH9pY-t

Brett Sussman (Head of Institutional Sales & Trading - Americas) recently attended the Institutional Investor's Fixed Income Trading Summit in Chicago joining a distinguished panel of industry experts: Ryan Raymond (LGIM Americas), Justine Robertson (Trumid), Thomas Melvin (Invesco US), and Iseult E.A. Conlin, CFA (Tradeweb). Together, they explored how electronic trading platforms are reshaping the fixed income sector by boosting efficiency, speed, and liquidity. Key topics covered included: ▪️ The evolving intersection between electronic and high-touch trading in fixed income markets ▪️ Strategies for leveraging data and analytics to enhance trading outcomes ▪️ Optimizing fixed income ETFs for better performance ▪️ The future role of electronic trading platforms in fixed income markets We're excited to continue these discussions and collaborate with industry leaders to drive innovation in the fixed income space!

 Exciting news! Our CEO, Mike Kuehnel, will be speaking at SmartCon 2024 in Hong Kong, a premier event that brings together experts from the world’s largest financial institutions and market infrastructure. Mike will take the stage to discuss the convergence of decentralized finance and traditional finance. He’ll dive into how innovations in crypto and collaborations between institutions and emerging players are reshaping the future of the financial industry. Don't miss it!