For immediate release - 5 February 2018, 19:35 hrs CET
FLOW TRADERS EXPECTS TO MEET CRR CAPITAL REQUIREMENTS,
DIVIDEND POLICY TO REMAIN UNAFFECTED
Amsterdam, The Netherlands - The Dutch Central Bank (DNB) today informed Flow Trades that it intends to complete the formalities that will enable Flow Traders to meet applicable CRR capital requirements. As a result of the completion of these formalities, Flow Traders expects to meet these capital requirements and its dividend policy to remain unaffected.
As set out in our press release on 14 November 2017, DNB required a number of Dutch investment firms to comply with the applicable capital requirements set out in the European Capital Requirements Regulation (CRR). Flow Traders has implemented the requirements applicable to it and expects to comply with these requirements.
Marcel Jongmans, CFO Flow Traders, comments: "We believe that the CRR imposes disproportionately high capital requirements compared to the inherent low risks of our business model. Regardless, our prudent capital approach and strong balance sheet enable Flow Traders to comply with capital requirements that were originally designed for banks. We strongly support more realistic and proportionate requirements. We see that first steps in that direction are being taken, as new requirements specifically for investments firms are currently being drafted and discussed in Europe."
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NOTES TO EDITORS
Contact
Flow Traders N.V.
Serge Enneman / Investor Relations Officer
+31 20 7996799
investor.relations@flowtraders.com
About Flow Traders N.V.
Flow Traders is a leading global technology-enabled liquidity provider specializing in exchange traded products (ETPs). Flow Traders provides 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. Flow Traders provides 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 104 trading venues in 36 countries. 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
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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. By accepting this document you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this document.
Market Abuse Regulation
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