FLOW TRADERS JOINS THE PYTH NETWORK
October 07 2021 - 11:45AM
FLOW TRADERS JOINS THE PYTH NETWORK
FLOW TRADERS JOINS THE PYTH NETWORK
Amsterdam, the Netherlands - Flow Traders N.V.
(Euronext: FLOW) is pleased to
announce it has joined the Pyth
network.
Partnering alongside several other prominent market
participants, Flow Traders has joined the Pyth network, a
next-generation oracle solution designed to bring real-world data
on-chain on a sub-second timescale. The Pyth network is built on
Solana, a blockchain that can handle 50,000 transactions per
second. The design principle of the Pyth network is to be a
multi-chain project working across other leading blockchains to
provide seamless, interoperable solutions across platforms and
bring real-world market data on-chain in a tamper-resistant
environment.
Flow Traders will be running a node for Pyth and will initially
contribute its own unique cryptocurrency market data with plans to
expand across asset classes as the Pyth network continues to grow.
For more information on Pyth, please visit www.pyth.network
Dennis Dijkstra CEO
commented:
“We are delighted to have joined the Pyth network. Flow Traders
is hugely supportive of initiatives such as those being advanced by
Pyth which not only will improve the accuracy and quality of market
data but also seek to democratise this data among multiple actively
contributing market participants. We believe that this will help to
establish greater efficiency and transparency in the markets, in
line with Flow Traders‘ longstanding beliefs.“
Contact Details
Flow Traders N.V.
InvestorsJonathan BergerPhone:
+31 20
7996799Email: investor.relations@flowtraders.com
MediaLaura PeijsPhone:
+31 20
7996799Email: press@flowtraders.com
About Flow Traders
Flow Traders is a leading global financial technology-enabled
liquidity provider in financial products, historically specialized
in Exchange Traded Products (ETPs), now expanding into other asset
classes. Flow Traders ensures the provision of liquidity to support
the uninterrupted functioning of financial markets. This allows
investors to continue to buy or sell ETPs or other financial
instruments under all market circumstances. We continuously grow
our organization, ensuring that our trading desks in Europe, the
Americas and Asia can provide liquidity across all major exchanges,
globally, 24 hours a day. Founded in 2004, we continue to cultivate
the entrepreneurial, innovative and team-oriented culture that has
been with us since the beginning. Please visit www.flowtraders.com
for more information.
Important Legal Information
This press release is prepared by Flow Traders N.V. and is for
information purposes only. 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, tax, or investment advice
and is not to be regarded as investor marketing or marketing of any
security or financial instrument, or as an offer to buy or sell, or
as a solicitation of any offer to buy or sell, securities or
financial instruments. The information and materials contained in
this press release are provided ‘as is’ and Flow Traders N.V. or
any of its affiliates (“Flow Traders”) do not warrant the accuracy,
adequacy or completeness of the information and materials and
expressly disclaim liability for any errors or omissions. This
press release is not intended to be, and shall not constitute in
any way a binding or legal agreement, or impose any legal
obligation on Flow Traders. 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. This press release may include
forward-looking statements, which are based on Flow Traders’
current expectations and projections about future events, and are
not guarantees of future performance. Forward looking statements
are statements that are not historical facts, including statements
about our beliefs and expectations. 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. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors because they relate to
events and depend on circumstances that will occur in the future
whether or not outside the control of Flow Traders. Such factors
may cause actual results, performance or developments to differ
materially from those expressed or implied by such forward-looking
statements. Accordingly, no undue reliance should be placed on any
forward-looking statements. Forward-looking statements speak only
as at the date at which they are made. Flow Traders expressly
disclaims any obligation or undertaking to update, review or revise
any forward-looking statements contained in this press release to
reflect any change in its expectations or any change in events,
conditions or circumstances on which such statements are based
unless required to do so by applicable law. Financial objectives
are internal objectives of Flow Traders to measure its operational
performance and should not be read as indicating that Flow Traders
is targeting such metrics for any particular fiscal year. Flow
Traders’ ability to achieve these financial objectives is
inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond Flow Traders’ control, and upon assumptions with respect to
future business decisions that are subject to change. As a result,
Flow Traders’ actual results may vary 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 to be undertaken before the end
of the period mentioned. The expected operating efficiencies and
cost savings were 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, perhaps materially, from those
projected. Flow Traders cannot provide any assurance that these
assumptions are correct and that these projections and estimates
will reflect Flow Traders’ actual results of operations.
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
legal.amsterdam@nl.flowtraders.com immediately and delete or
destroy this document.
Flow Traders (EU:FLOW)
Historical Stock Chart
From Nov 2024 to Dec 2024
Flow Traders (EU:FLOW)
Historical Stock Chart
From Dec 2023 to Dec 2024