Full text of FLOW TRADERS U.S. LLC's X-17A-5/A filed 2020-03-03 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ## **Statement of Financial Condition** # **December 31, 2019** ## **1. Organization and Business** Flow Traders US LLC (the "Company"}, a Delaware limited liability company, was organized on April 22, 2009. The Company is a broker-dealer registered with the Securities and Exchange Commission and is a member of various US securities and futures exchanges. The Company engages primarily in the market making of exchange-traded equity securities and financial futures contracts. Flow Traders US Holding LLC is the Company's sole member. Flow Traders Holding BV is the sole shareholder of Flow Traders US Holding LLC. ### **2. Summary of Significant Accounting Policies** ## Securities Valuation Securities transactions are recorded on a trade date basis. All financial instruments are recorded in the statement of financial condition at fair value in accordance with Accounting Standards Codification (ASC) 820 - Fair Value Measurement and Disclosures (see Note 5). Unrealized gains or losses on open futures contracts are included in receivable from and payable to broker-dealer in the statement of financial condition. #### Depreciation and Amortization Equipment, furniture, and leasehold improvements are being depreciated on a straight-line basis with a useful life of 5 years (60 months). ### Income Taxes Flow Traders US LLC is a disregarded entity for tax purposes. No provision has been made for federal US income taxes as the taxable income or loss of Flow Traders US LLC is included in the respective income tax return of the sole member. In accordance with GAAP, the Company is required to determine whether its tax positions are more likely than not to be sustained upon examination by the applicable taxing authority, based on the technical merits of the position. Generally, the Company is no longer subject to income tax examinations by major taxing authorities for the years before 2016. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authorities. Based on its analysis, the Company has determined that it has not incurred any liability for unrecognized tax benefits as of December 31 , 2019. #### Use of Estimates The preparation of financial statements is in conformity with US Generally Accepted Accounting Principles and requires management to make estimates and assumptions that affec…Read the full text as markdown