From now on, Flow Traders wants to be compared with the Lidl. The discount supermarket. Have to admit I never visited a Lidl store. Maybe there’s something very attractive about working there.
The option volume in the SPY (S&P 500 ETF) is massive. It accounts for nearly half of the total US options volume. Or have a look at these pie charts from Bloomberg Markets.
IMC Financial Markets released their annual profits and trading income last Wednesday. The trading income rose 12% to €587 million. The net profit rose with the same percentage to €185 million. That’s €20 million more than 2014.
Rob Defares didn’t split up where most of the money was generated. But it’s no secret the US trading business has contributed most to the profit.
Average bonus €182k
Since Flow Traders became a listed company, they released quarterly figures twice. Spotted small errors in both. People make mistakes. Not such a big deal. However, the third mistake revealed on Thursday was a bit ugly.
Not so solid earnings
Wednesday the company announced Q4 earnings which were 30% lower than the previous quarter. They called it a solid quarter. The outlook for the current first quarter is also solid. That’s not good. The market started off quite volatile this year so the outlook at Flow Traders should be more upbeat. Stock dropped. See chart. Leaving the valuation analysis to other people.
Flow Traders announced a €1 dividend. Ex-dividend date on friday May 20th. That’s an expiry day. Relevant for the options listed on Flow Traders.