Market maker Optiver reported a solid performance in its financial results of 2019. The global trading firm realised a net profit attributable to equity holders of € 397 million in 2019, compared to € 515 million in 2018. The 2019 result from operating activities was € 525 million versus € 673 million in 2018. Net trading income in 2019 amounted to € 1,133 million, 13% less than in 2018.
Optiver exhibited a robust financial position at the end of 2019, with total equity of € 1,532 million (compared to € 1,321 million at end-2018). We maintain a conservative capital structure, to meet business and regulatory requirements. Total assets were € 22.5 billion as at 31 December 2019, an increase of 10% compared to 2018.
Geopolitical developments were the main driver of movements in the financial markets in 2019. Factors such as the US-China trade negotiations, Brexit and central bank monetary policy increased the demand for liquidity, which market makers like Optiver provide.
“The continuous efforts of our people around the globe made 2019 a successful year for Optiver. We remain firm in our commitment to improving the market by providing liquidity and tightening the bid-ask spread in all market circumstances.” said Optiver CEO Jan Boomaars.
Commenting on the current market turbulence, Boomaars said: “The current global health crisis has significantly increased global economic uncertainty and that has had a dramatic effect on volatility levels of markets across the world. The role of liquidity providers like Optiver is now more important than ever to ensure that financial markets remain stable and continue to function orderly”.
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We believe that financial markets should reflect society’s values, which is why we are increasingly focusing on ESG market making at Optiver. Alongside trading a variety of ESG products, we are proud to support the launch of the Euronext® Eurozone ESG Large 80 Index Future.
On the 5th of May, lead traders from Optiver Europe hosted a webinar on ‘volatility, liquidity and dividends through turbulence’, for portfolio managers, asset managers and other market participants. During the webinar, attendees took part on various polls, the results of which can be found here.