Aaron Simons: Thanks, Matt. Good morning, everyone. As a reminder, the prepared remarks for earnings calls moving forward, will focus predominantly on our financial results, allowing us to get to Q&A more quickly. Last call, we spoke about our plans to grow our trading by investing in our infrastructure, acquiring talent and expanding our capital base. We also emphasize that this growth would be a broad effort across the firm not limited to a handful of initiatives. The fourth quarter was a preview of the i ...

Core Insights - Flow Traders Ltd. has secured a new $200 million private credit facility and a $75 million revolving credit facility to enhance its trading capital base [2][3] - The interest rate on the private credit facility is SOFR + 500 basis points, which can decrease to SOFR + 450 basis points if certain financial ratios are met [3] - The proceeds from these credit facilities will primarily be used for trading capital purposes, supporting the company's growth and diversification agenda [5] Company Overview - Flow Traders is a leading global trading firm that provides liquidity across multiple asset classes and major exchanges, with a focus on being a top ETF market maker [6] - The company has expanded its expertise from trading European equity ETPs into fixed income, commodities, digital assets, and foreign exchange globally [6] - Flow Traders aims to ensure market resilience and orderly functioning by providing liquidity, enabling investors to buy or sell financial instruments under various market conditions [6] Financial Partners - Benefit Street Partners and Stone Point Credit co-led the financing, emphasizing the importance of this capital raise for Flow Traders' strategy [4] - Benefit Street Partners manages $82 billion in assets globally, while Stone Point Credit oversees more than $11.5 billion in assets [8][9]

Trading Opportunity - Offers access to up to $100 thousand in trading capital after evaluation [1] - Provides a discount code "XBQK3M" for signup [1] Potential Risk - Requires passing an evaluation to access the trading capital [1]