An Amsterdam-based proprietary trading firm closing in on three years without a day of trading losses suffered during the opening months of 2017 amid low levels of volatility.

Flow Traders, which specialises in quoting bid and ask prices in exchange-traded funds, said that its first-quarter net profit fell by 41% to €13.6 million year-on-year, with trading revenue lower across its businesses in Europe, the Americas, and Asia.