Flow Traders: U.S. trading disappoints, shares plummet

Flow Traders

07/02/2020 08:41

** Shares in Dutch electronic liquidity provider Flow
Traders  FLOW.AS  slump 8% to over 2-year low
    ** Flow Traders Q4 net trading income falls 13% to EUR 46.1
mln ($50.6 million), hurt by a 39% drop in Americas; EBITDA
falls 40% to EUR 11.7 mln
    ** "Surprisingly negative on the US trading margins with a
further slide of income (...) a far cry from the 15-17m the US
was making in 1H2019", KBC Securities says, adding that U.S.
trading margins are "again a major issue"
     ** Stock is set for its worst day in almost 5 months;
biggest drag to Amsterdam's mid-cap index  .AMX 

($1 = 0.9117 euros)

 (piotr.lipinski@tr.com)