Financial News – By Tim Cave – June 13, 2012
A Dutch high-frequency trading firm – which is one of Europe’s biggest marketmakers in exchange-traded funds – has appointed a financial adviser as part of a strategic review that could lead to a sale of the business.
Flow Traders, which is based in Amsterdam and has satellite offices in New York and Singapore, is reviewing a number of potential strategic opportunities, which include a potential sale of the business, according to a source close to the firm.
The firm has appointed Lazard as a financial adviser to oversee the review. Flow Traders and Lazard declined to comment.
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