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Flow Traders falls to near 2-year low on Q3 big miss

By Reuters News

** Shares in Flow Traders FLOW.AS fall around 10% to their lowest price in almost two years, after its third-quarter results disappointed investors

** The trading firm missed consensus across the board with Q3 total income coming in at €86.4 million ($96.31 million) versus €120.2 million seen in a market consensus

** ING says the firm has gone through a "tough" quarter

** "The miss was partly driven by lower than expected value traded (VT) but was primarily due to much lower than expected revenue capture in EMEA and APAC", analyst Reg Watson writes in a note

** Flow Traders' third-quarter EBITDA missed consensus by nearly 60%

** Up to the previous session's close, shares were down 1.8%​ YTD

($1 = 0.8971 euros)

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