Flow Traders 2015 Annual Report

Flow Traders recently released their 2015 annual report. They made a profit of €$97.3M off a revenue of €$304.7M. A net profit margin of 32%.

Flow Traders mainly engages in prop ETP trading globally. The company wide average compensation is €338K per employee. Some interesting snipplets below.

Flow Traders is founded in Netherlands, while the corporate HQ for Virtu is in US. Not surprisingly, both earn the most of their income from their home country/continent.

Updated Prop Trading

Added North Point Global, Solitaire Asset Management. Removed Aurelia Traders.

Singapore Raids Brokers; Exchange Reports Irregularities. Singapore Charges Ex-Banker Following 1MDB Probe.

Looks like the local authorities may be (?) finally getting serious going after the behind-the-scenes shenanigans. Many critics have long indicated that Singapore is a key center for money laundering and a tax haven. Signs are there for all to see, conscious decisions by the government to create the eco-structure to attract the money to the island republic. Cue the F1, casinos, private banks, lavish infrastructure projects such as the new stadium, Marina Barrage, Esplanade, Sentosa Cove, tons of new art museums, private hospitals all of which sprung up within a span of a few years. Along with it, sky high property prices

Virtu Financial 2015 Annual Report

The 10-K for Virtu Financial has been filed recently, offering us a glimpse into the professional market making and trading outfit.

The firm made a profit of US$197.5M for 2015 off a total revenue of $796.2M. A 24% net profit margin. The "Brokerage, Exchange and Clearance Fee" amounts to $232.5M. Some interesting details on their market making and trading activities are mentioned in the report.