last update: November 2023
This communication has been prepared by Flow Traders B.V. and is for information purposes only. The material contained in this document is provided ‘as is’. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, fiscal, or investment advice and is not to be regarded as investor marketing, or as marketing of any security or financial instrument, or as an offer to buy or sell, or to be soliciting any offer to buy or sell securities or financial instruments.
Neither Flow Traders B.V. nor any of its affiliates (“Flow Traders” or “we”) guarantees the accuracy adequacy or completeness of this communication and Flow Traders expressly disclaims liability for any errors or omissions. This communication is not intended to be, and does not in any way constitute, a binding legal agreement or impose any legal obligation on Flow Traders. All rights to intellectual property, including trademarks, are held by their respective owners.
Flow Traders and its affiliates only trade as a principal, on a request-for-quote basis, and do not accept or serve any clients. We do not offer or provide any investment service to any person, such as providing brokerage or investment advice. Flow Traders and its affiliates trade for own risk and account only. We do not accept or execute client orders or instructions from third parties. Flow Traders and its affiliates only trade with approved counterparties upon reliance that we have a counterparty relationship with such counterparty instead of a client relationship.
Flow Traders and its affiliates do not act for and on behalf of any person, including as a broker or as an agent, other than for themselves or their affiliates. No person must rely on any form of investor protection when trading with Flow Traders or its affiliates. The decision to trade with Flow Traders or its affiliates and accepting the relevant attributes of a trade, including the instrument, quantity and price, is the sole responsibility of the relevant approved counterparty.
This communication is intended solely for persons who have professional experience in matters relating to investments. Persons who do not have professional experience in matters relating to investments should not rely on it.
This communication may include forward-looking statements. Such statements are based on Flow Traders’ current expectations, beliefs and projections regarding future events. They are not historical facts and are not guarantees of future performance.
Forward-looking statements are identified by the use of words such as “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “could”, “hope”, “seek”, “plan”, “foresee”, “aim”, “objective”, “potential”, “goal” “strategy”, “target”, “continue” and similar expressions or their negatives are used to identify these forward-looking statements. Because they relate to future events and circumstances, forward-looking statements, by their nature, involve known and as yet unknown risks, uncertainties, assumptions and other factors that may or may not be under the control of Flow Traders. These factors may mean actual results, performances or developments differ materially from those expressed or implied in or by a forward-looking statement.
Forward-looking statements should not, therefore, be relied upon unduly. Forward-looking statements are only valid on the date upon which they are made. Unless required to do so by applicable legislation, Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this report in order to reflect any change in its expectations or in the events, conditions or circumstances on which such a statement was based.
Any stated financial objectives are internal framework objectives Flow Traders uses to measure its performance and do not indicate that Flow Traders is targeting the achievement of the stated financial objective in any specific year.
Flow Traders’ ability to achieve these financial objectives is inherently influenced by significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders’ control, and upon assumptions in respect of future business decisions that are subject to change. As a result, Flow Traders’ actual results may differ, in some cases materially, from these financial objectives, and those variations may be material. Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure undertaken in the course of the stated period. The expected operating efficiencies and cost savings have been 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, in some cases materially, from the stated expectations. Flow Traders cannot and does not provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders’ actual operating results.
No warranty of accuracy is given and no liability in respect of any error or omission is accepted. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders. The information on this document does not constitute legal, tax, or investment advice. You must not rely on the content of this document when making any investment decisions or when engaging into trading. 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 [email protected] immediately and delete or destroy this document.