FLOW TRADERS ASSESSES NEW CAPITAL REQUIREMENTS

   

For immediate release

FLOW TRADERS ASSESSES NEW CAPITAL REQUIREMENTS

Amsterdam, the Netherlands, 14 November 2017, 07.30 hrs CET - The Dutch Central Bank (DNB) informed Flow Traders N.V. ("Flow Traders" or "the Company") (Euronext: FLOW) yesterday evening about its decision to amend capital requirements for investment firms dealing on their own account.

Starting 31 March 2018 Flow Traders and other investment firms dealing on their own account are required to meet the requirements of the EU Capital Requirements Regulation (CRR). Flow Traders is currently assessing the impact of these CRR capital requirements.  

"Flow Traders' risk awareness has always supported a conservative financing of its trading positions by a strong and unlevered balance sheet. As such, we are confident in the outcome of the assessment and support a level playing field for all market participants. We will inform the market about this outcome as soon as we have clarity about the impact of our new regulatory capital requirements." comments co-CEO Dennis Dijkstra.

The policy change from DNB may also mean that Flow Traders' remuneration policy is subject to changes as of 2020. Flow Traders' remuneration policy is sound and has always aligned our employees with all other stakeholders to promote risk awareness, ambition and performance excellence. We are happy to engage in the proposed discussion by our regulator about an appropriate future remuneration policy for us. Flow Traders emphasizes here that a remuneration policy should always be proportionate to the sector's low risk profile and absence of wrong incentives, while safeguarding competitiveness with our European peers and in the global financial and technology industries.

ENDS

NOTES TO EDITORS

Contact

Flow Traders N.V.
Serge Enneman / Investor Relations Officer
+31 20 7996799
[email protected]

About Flow Traders

Flow Traders is a leading global technology-enabled liquidity provider specializing in exchange traded products (ETPs). We provide continuous liquidity in ETP markets, while seeking to stay market neutral at all times and without having directional opinions. Investors benefit from our activities due to increased liquidity, higher execution quality and lower overall trading costs. As such, we contribute to more efficient and transparent securities markets. We provide liquidity in over 5,000 ETP listings across the globe, tracking all underlying asset classes, including equities, fixed income, commodities and currencies with access to over 104 trading venues in 36 countries around the world. Flow Traders has been named Europe's number one ETF Market Maker at the Annual Global ETF Awards for the last ten consecutive years - 2007 until 2016, and Asia-Pacific's number one ETF Market Maker for five out of the last six years - 2011, 2012, 2013, 2015 and 2016. Flow Traders is headquartered in Amsterdam, The Netherlands, with trading offices in Hong Kong, Singapore and New York, covering all time zones. Flow Traders' shares are listed on Euronext Amsterdam. For more information, please visit: www.flowtraders.com .

Important legal information

This press release is prepared by Flow Traders N.V. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

The information and materials contained in this press release are provided 'as is' and Flow Traders N.V. or any of its affiliates ("Flow Traders") do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

This press release may include forward-looking statements, which are based on Flow Traders' current expectations and projections about future events, and are not guarantees of future performance. Forward looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Words such as "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "project", "believe", "could", "hope", "seek", "plan", "foresee", "aim", "objective", "potential", "goal" "strategy", "target", "continue" and similar expressions or their negatives are used to identify these forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of Flow Traders. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no undue reliance should be placed on any forward-looking statements. Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law.

Financial objectives are internal objectives of Flow Traders to measure its operational performance and should not be read as indicating that Flow Traders is targeting such metrics for any particular fiscal year. Flow Traders' ability to achieve these financial objectives is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders' control, and upon assumptions with respect to future business decisions that are subject to change. As a result, Flow Traders' actual results may vary from these financial objectives, and those variations may be material.

Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure to be undertaken before the end of the period mentioned. The expected operating efficiencies and cost savings were prepared on the basis of a number of assumptions, projections and estimates, many of which depend on factors that are beyond Flow Traders' control. These assumptions, projections and estimates are inherently subject to significant uncertainties and actual results may differ, perhaps materially, from those projected. Flow Traders cannot provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders' actual results of operations.
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Market Abuse Regulation

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

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