Flow Traders 2Q 2025 Pre-close Call
Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) publishes the 2Q 2025 pre-close call script to be used with analysts post the market close on 26 June 2025.
Eric Pan – Head of Investor Relations, Flow Traders
Welcome to the Flow Traders 2Q 2025 pre-close call, which is being conducted post the European market close on 26 June. During this call I will highlight relevant publicly available data and industry trends in our markets as well as previously published data by Flow Traders and relate these data points to their impact on our business for the quarter. The silent period for 2Q will begin on 30 June and we will publish our 2Q 2025 results on 31 July at 07:30 CEST.
Market Environment
Market trading volumes and volatility increased in the second quarter across most asset classes and regions, with the largest of the increases occurring in the first weeks of April and falling back to more normal levels in May and June. In Equity, market trading volumes and volatility in the quarter increased across all regions both when compared to the same period a year ago and to the first quarter. Within Fixed Income, market trading volumes increased when compared to the same period a year ago and the first quarter while volatility levels stayed relatively flat. In Digital Assets, trading volumes increased slightly compared to the same period a year ago but decreased meaningfully compared to the first quarter. Digital Assets volatility declined meaningfully both year-on-year and quarter-on-quarter.
Diving deeper into each of the asset classes and regions:
Equity
In Equity, European exchange operators Euronext, Deutsche Börse and the London Stock Exchange all saw double-digit increases in trading volumes both year-on-year and quarter-on-quarter, with more of the increases occurring in April. In the Americas, volumes on both the Nasdaq and NYSE also increased by double-digits year-on-year and quarter-on-quarter, also with more of the increases occurring in April. Volumes in APAC also increased by double-digits in the quarter across the Hong Kong, Tokyo, and Shanghai Stock Exchange when compared to the same period a year ago, but to a lesser extent when compared to the first quarter.
Volatility, as exemplified by the VSTOXX in Europe, VIX in the Americas and JNIV in Japan, increased by double-digits when compared to both the same period a year ago and to the first quarter. The VHSI in Hong Kong increased by double-digits year-on-year but was relatively flat quarter-on-quarter.
FICC
In Fixed …