FYI: Flow Traders NV posted a quarter-on-quarter decline in net trading income as Europe’s biggest market maker of exchange-traded funds struggled with reduced volumes in every part of the world.
The Dutch speed trader also reported a 10 percent quarter-on-quarter drop in the value of ETFs it traded to 184 billion euros ($211 billion), according to its statement Thursday. Trading volumes in the overall ETF market slipped 12 percent to 4.87 trillion euros. Europe saw the biggest decline, with overall value traded sliding 17 percent.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-18/slowing-etf-market-causes-flow-traders-to-miss-income-estimates?srnd=etfs
