The $17 billion options trader Optiver is expanding its NYC presence in a bid to take on Jane Street and Citadel Securities https://t.co/xp5c2Oid92 ...

Core Insights - The article emphasizes the importance of evaluating a company's cash position over mere profit numbers, as cash is considered the lifeblood of a company and a true indicator of financial health [2][4][5] Company Analysis - Stocks such as Marubeni Corporation (MARUY), Materion Corporation (MTRN), Betterware de México, S.A.P.I. de C.V. (BWMX), Euroseas Ltd. (ESEA), and Shinhan Financial Group Co., Ltd. (SHG) are highlighted as potential investment opportunities due to their rising cash flows [3][10] - Marubeni Corporation has seen an 18.8% increase in its earnings estimate for FY March 2026 over the past week and holds a VGM Score of A [10][12] - Materion Corporation's earnings estimate has improved by 3.9% over the past week, with a current VGM Score of B [13] - Betterware de México's earnings estimate rose by 11.3% in the past month, and it has a VGM Score of A [14] - Euroseas Ltd. has experienced a 2.8% increase in its earnings estimate for the current year, holding a VGM Score of B [15] - Shinhan Financial Group's earnings estimate improved by 7.1% over the last month, and it has a VGM Score of A [16] Cash Flow Analysis - Positive cash flow indicates an increase in liquid assets, allowing companies to meet obligations, reinvest, and return wealth to shareholders, while negative cash flow suggests declining liquidity [6] - Companies must not only maintain positive cash flow but also ensure it is increasing to demonstrate management efficiency and reduced dependency on external financing [7] - A screening process was employed to identify stocks with increasing cash flow, focusing on those whose latest cash flow was at least equal to or greater than the 5-year average cash flow per share [8]

Core Viewpoint - Flow Traders Ltd. reported strong financial results for 2Q 2025, with significant increases in net trading income and total income, reflecting the effectiveness of its growth and diversification strategy [4][17]. Financial Overview - Net trading income reached €143.4 million in 2Q25, an 80% increase from €79.5 million in 2Q24 [3][4]. - Total income for the quarter was €143.9 million, up 89% from €76.2 million in the same period last year [3][4]. - EBITDA was €68.0 million, representing a 210% increase compared to €21.9 million in 2Q24, with an EBITDA margin of 47% [3][5]. - Net profit for 2Q25 was €51.3 million, yielding a basic EPS of €1.18, a 295% increase from €13.0 million and basic EPS of €0.30 in 2Q24 [5][4]. Revenue by Region - Revenue from Europe in 2Q25 was €78.7 million, a 62% increase from €48.6 million in 2Q24 [6]. - The Americas saw a 125% increase in revenue to €30.2 million from €13.4 million in 2Q24 [6]. - Asia experienced a 147% increase in revenue, reaching €35.1 million compared to €14.2 million in 2Q24 [6]. Trading Capital and Performance - Trading capital stood at €831 million at the end of 2Q25, a 33% increase from €624 million at the end of 2Q24 [4][9]. - The return on average trading capital was 75% in 2Q25, up from 58% in 2Q24 [9]. Market Environment - The second quarter saw increased volatility in traditional asset classes, particularly in equity, after a period of muted activity [10][18]. - Trading volumes in the U.S. increased by low double-digit percentages year-on-year, with market volatility rising significantly [12]. - In Asia, trading volumes were mixed, with significant increases in Hong Kong and China, while Japan saw slight increases [14]. Leadership Update - Thomas Spitz will join Flow Traders as Chief Executive Officer on 1 September 2025, pending regulatory and shareholder approval [2]. Outlook - Fixed operating expenses guidance for the year remains unchanged, expected to be in the range of €190-210 million due to technology investments and operational efficiency gains [16].

Core Viewpoint - Flow Traders Ltd. has announced the nomination of Thomas Spitz as Chief Executive Officer and Executive Director of the Board, effective September 1, 2025, pending regulatory and shareholder approval [1][4]. Group 1: Leadership and Experience - Thomas Spitz brings over two decades of experience in financial markets, having built and led trading operations globally [2][3]. - His previous roles include CEO of QuantCube Middle East and Head of Global Markets at First Abu Dhabi Bank, along with over 20 years at Crédit Agricole in various leadership positions [3]. - Spitz has a proven track record in managing diverse international teams and driving significant growth in trading, sales, and research organizations [2][3]. Group 2: Strategic Agenda - As CEO, Spitz will be responsible for executing Flow Traders' strategic agenda, which includes growth and diversification strategies as well as the Trading Capital Expansion Plan [1]. - The Board expresses confidence in Spitz's ability to lead the company into its next growth phase through innovative business strategies [5]. Group 3: Transition and Acknowledgment - The Board has extended the term of current CEO Mike Kuehnel to ensure a seamless transition until August 31, 2025 [6]. - Kuehnel's leadership over the past four years has been acknowledged, and the company wishes him success in future endeavors [6].

Market Regulation & Transparency - India's regulator's order has unveiled Jane Street's trading strategy in India, offering competitors a peek into the firm's operations [1] - The event is scheduled for July 25 at 9 am ET (9 pm HKT) [1] Industry Implications - The revelation of Jane Street's strategy could impact market dynamics [1]

An order by India's regulator has demystified Jane Street's trading strategy in India and given rivals a rare glimpse into the secretive firm. What does this mean for markets? Join Bloomberg reporters for a Live Q&A on July 25 at 9 am ET, 9 pm HKT https://t.co/WCLMkMDhR9 https://t.co/12A3o4QX7V ...

An order by India's regulator has demystified Jane Street's trading strategy in India and given rivals a rare glimpse into the secretive firm. What does this mean for markets? Join Bloomberg reporters for a Live Q&A on July 25 at 9 am ET, 9 pm HKT https://t.co/WCLMkMDhR9 https://t.co/z9kVfz6yCD ...

An order by India's regulator has demystified Jane Street's trading strategy in India and given rivals a rare glimpse into the secretive firm. What does this mean for markets? Join Bloomberg reporters for a Live Q&A on July 25 at 9 am ET, 9 pm HKT https://t.co/WCLMkMDhR9 https://t.co/23GajkQSB2 ...

Why Jane Street, a US trading giant is in trouble in India https://t.co/vry2DYwkGO ...

The drama in India has thrown a bright light on Jane Street, a trading firm of legendary opacity even in an industry that prioritises secrecy https://t.co/1HRmIGBNmC ...