Flow Traders slumps as it misses 'the most bearish' estimates

Flow Traders

28/10/2021 08:30

** Shares in Dutch trading services provider Flow Traders
 FLOW.AS  slump over 11% after it reported a decrease in net
trading income (NTI) reflecting an overall lower volatility
environment  urn:newsml:reuters.com:*:nFWN2RN2GE
    ** Flow Traders' Q3 NTI fell to 67.1 million euros ($77.8
million)
    ** KBC Securities says the company reported "a weak quarter,
missing even the most bearish analyst estimate"
    ** It adds that particularly fixed income trading margins
were very weak due to overall low volatility 
    ** "Missing the most bearish estimate or beating the most
bullish estimate is relatively common for FLOW", it adds 
    ** Share price is at its lowest since early Feb., while the
stock is on track for its worst day since end-July 2018​


($1 = 0.8622 euros)

 (Reporting by Marianna Ciabach-Malinowska)
 ((Marianna.ciabach@tr.com))