27 September 2021
Flow Traders is pleased to announce its strategic investment in shape Q. Flow Traders has also joined shape Q's advisory board.
Founded in 2020, shape Q is a software driven technology startup based in The Netherlands, which has developed a pan-European Request for Quote (RfQ) marketplace for physical energy, green energy and environmental commodities. For more information on shape Q, please visit www.shapeq.io
Dennis Dijkstra, CEO Flow Traders, commented:
“We are delighted to have completed this strategic investment in shape Q. We have seen first-hand the positive impact that RfQ platforms have had on off-exchange trading and are confident that this will also benefit the physical energy and environmental commodities markets. This investment is aligned with our overall strategic ecosystem approach and ESC ambitions as well underscoring our Longstanding commitment to driving electronification and transparency in financial markets.”
Massimo Noto, shape Q Co-founder, added:
“Flow Traders' strategic investment will allow shape Q to advance our product and feature development and roll out. We remain convinced that energy trading suffers from a technology gap which creates an opportunity for an OTC RfQ electronic marketplace. We are very much grateful for the support from a leading technology-enabled liquidity provider such as Flow Traders.”