Europe’s Top Speed Trading Firm Flow Traders Joins the Crypto-Economy


This week among Europe’s biggest rate trading platforms and also exchange-traded fund (ETFs) traders, Flow Traders NV, declared the company is currently entering the cryptocurrency distance by providing bitcoin and ethereum exchange-traded notes (ETNs) to its own clientele.

Speed Trading Platform Flow Traders Enters that the Cryptocurrency Trading Ecosystem

Europe's Top Speed Trading Firm Flow Traders Joins the Crypto-EconomyThe Amsterdam market manufacturer, Flow Traders, supplies liquidity to its clients by supplying traders bid and offer prices for Exchange Traded Products (ETPs). Flow Traders was set in 2004 and has turned into one of the greatest ETP markets in Europe, bringing in more than $250 million in earnings each year. Now the trading system has declared it is entering the cryptocurrency distance by supplying clients ethereum and bitcoin ETNs. According into Flow Trader’s Co-Chief Executive Officer Dennis Dijkstra, the Organization’s transaction volumes have “dramatically increased.”

“People underestimate crypto,” Dijkstra describes during an interview on July 6. )

It’s large, and it’s to be controlled very soon. The marketplace participants are way more professional than folks believe. Institutional investors are curious — we understand they’re since we receive requests.

Speed trading otherwise called non profit trading (HFT) is a technique which utilizes algorithmic swaps to exchange products at high rates, and speedy turnover prices. Typically HFT operations transaction exceptionally large volumes of transactions which subsequently constitutes the low margins supplied by the market. Flow Traders isn’t the initial high-speed trading firm that has entered the cryptocurrency ecosystem. Five famous HFT traders Tower Research, Susquehanna, Jump Trading, DRW Holdings, also Hudson River are promoting cryptocurrency products to customers too. The proprietary trading company DRW Holdings asserts its been swapping cryptocurrencies because 2014.    

“What’s surprising me is how polarizing bitcoin is,” Bobby Cho the mind of over-the-counter trading DRW’s OTC subsidiary Cumberland Mining.

Everyone includes a perspective on bitcoin, whereas using other asset classes you care or you do not care.

Focusing on the New Asset Class

Flow Trader’s Dijkstra details the company was hedging its bitcoin (XBT) and ethereum ETNs with CME Groups and Cboe’s XBT solutions. The XBT supplier’s managing director at Coinshares Ltd. , Laurent Kssis, states with companies including Flow Traders buying ETNs they continue to see continuous institutional requirement due to their cryptocurrency exchange-traded notes.  

“With the growing interest from institutional clients willing to invest in digital assets, I can see why so many proprietary trading businesses are now focusing on this new asset class,” Kssis added.

What would you believe of Flow Traders getting into handling cryptocurrency ETNs and futures ? Do you believe more HFT platforms will flock to electronic assets? Let us know your ideas on this topic from the comment section below.

Images through Shutterstock, also Flow Traders. 

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