Independent exchange-traded funds (ETF) market making specialist Flow Traders has opened its maiden ETF sales trading desk focused solely on Asia.
The firm said it had experienced growing demand from institutional investors in Asia for access to ETFs and a sales trading team would provide long-only investors, hedge funds, private banks, and sovereign wealth funds with two-way over-the-counter (OTC) bid-ask prices and liquidity for over 95% of all ETFs listed in Asia, Europe and US.
Netherlands-based Flow Traders said counterparties would also benefit from the firm's execution strategies for trading ETFs and unbiased product knowledge.
“The set-up of the specialised ETF sales trading desk in Singapore is a natural development of our already successful market making business, and it shows our dedication to the growth of the ETF business in Asia,” Martijn Schuijt, managing director of Flow Traders Asia. “Now Asian investors can tap into the liquidity pool already taken advantage of by the largest European investors.”
Established in 2004, Flow Traders also has offices in Amsterdam and New York. It has a team of over 140 professionals, including 40 dedicated ETF market makers. Flow Traders Asia has been operating as a Singapore-based market maker since 2007.