Thursday, 16 August, 2018

Europe’s Speed Trading Platform Flow Traders Enters the Crypto-Economy

Image courtesy of Ethereum World News archives Image courtesy of Ethereum World News archives
Priscilla Morrison | 09 July, 2018, 04:26

Flow Traders chose to make the move into crypto following a tough 2017 that saw trading volumes in its core ETF market taking a big hit.

Flow Traders NV, Dutch speed trading firm and the first Exchange Traded Fund (ETF) provider in Europe, has taken a step into the crypto market, despite warnings from the Authority for the Financial Markets (AFM).

Flow Traders NV is an Amsterdam based high-speed trader. "Given its inability to serve the promised objective as a currency, we don't regard it to be an asset class", said Torensma.

According to Bloomberg, not like those in the United States - trades firms now offering cryptocurrency possibilities, Flow Traders is the first one to release its buying and selling crypto notes listed on regulated stock exchanges.

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The largest trader of exchange-traded funds (ETFs), is not expanding its European based company is now entering the world of cryptocurrency. According to XBT Provider, a Swedish crypto ETN issuer, Flow Traders has "dramatically increased" trading volumes. Soon it will, for the very first time in crypto history offer in public domain the buying and selling of crypto notes which is on regulate d stock exchanges. The Dutch firm has traded over Dollars 284 billion in ETFs in the first quarter of 2018, making it the largest ETF firm in Europe.

Furthermore, ETNs are simple, straightforward and cost-effective way of investing in cryptos such as Bitcoin and Ether.

The company plans to hedge the trade as quickly as possible in spite of Bitcoin and Ethereum price fluctuations. Market participants are much more professional than people think.

The government has suggested that users should exercise caution when investing or trading in such virtual coins, essentially because of the new business model they follow. To do this, Flow Traders is hedging its ETN with CME and CBOE futures contracts, which should lower slippage while increasing liquidity. Speed traders general make most of their money in the volatile markets. And this would also be potentially unwelcome for many cryptocurrency enthusiasts. Now the trading platform has announced it's entering the cryptocurrency space by providing customers ethereum and bitcoin ETNs. "Institutional investors are interested - we know they are because we get requests", Dijkstra said in an interview with Bloomberg. A month later in April, it was also reported that Goldman Sachs is in the process of setting up a cryptocurrency trading desk. Likewise, Barclays has started providing banking services to Coinbase, the San Francisco based crypto broker.

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