Flow Traders U.s. 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
MARKET VECTORS VIETNAM ETF	ETP	57060U761	901	48,419	SH		SOLE		48,419	0	0
CIA DE MINAS BUENAVENTUR-ADR	ADR	204448104	53	3,569	SH		SOLE		3,569	0	0
IPATH DJ-UBS LEAD SUBINDX TO	ETP	06739H263	1	11	SH		SOLE		11	0	0
MARKEL CORP	Common Stock	570535104	1	1	SH		SOLE		1	0	0
PWRSHS DB COMMOD DOUBLE LONG	ETP	25154H475	88	12,214	SH		SOLE		12,214	0	0
ECOPETROL SA-SPONSORED ADR	ADR	279158109	164	3,905	SH		SOLE		3,905	0	0
POWERSHARES DB SILVER FUND	ETP	73936B309	195	5,965	SH		SOLE		5,965	0	0
PWRSHS DB GOLD DOUBLE SHORT	ETP	25154H756	38	4,893	SH		SOLE		4,893	0	0
INDIA FUND INC	Closed-End Fund	454089103	2	106	SH		SOLE		106	0	0
WISDOMTREE JAPAN HEDGED EQ	ETP	97717W851	4,352	95,428	SH		SOLE		95,428	0	0
CENTRAL GOLDTRUST	Closed-End Fund	153546106	441	9,989	SH		SOLE		9,989	0	0
VELOCITYSHARES 3X LONG CRUDE	ETP	22542D589	535	18,226	SH		SOLE		18,226	0	0
TRANS WORLD ENTERTAINMENT CP	Common Stock	89336Q100	6	1,169	SH		SOLE		1,169	0	0
ISHARES MSCI PACIFIC EX JAPA	ETP	464286665	42,133	979,201	SH		SOLE		979,201	0	0
TAIWAN SEMICONDUCTOR-SP ADR	ADR	874039100	3	157	SH		SOLE		157	0	0
FIRST SOLAR INC	Common Stock	336433107	2	53	SH		SOLE		53	0	0
ISHARES MSCI SOUTH AFRICA ET	ETP	464286780	9,416	161,135	SH		SOLE		161,135	0	0
PROSHARES ULTRASHORT EUROPE	ETP	74348A301	0	1	SH		SOLE		1	0	0
PWR DB COMMODITY DOUBLE SHOR	ETP	25154H483	327	10,711	SH		SOLE		10,711	0	0
MARKET VECTORS GOLD MINERS	ETP	57060U100	8	311	SH		SOLE		311	0	0
UNITED STATES OIL FUND LP	ETP	91232N108	1,487	43,549	SH		SOLE		43,549	0	0
ISHARES JAPAN LARGE-CAP ETF	ETP	464287382	3,079	63,875	SH		SOLE		63,875	0	0
DIREXION DLY SM CAP BULL 3X	ETP	25459W847	254	5,402	SH		SOLE		5,402	0	0
INNOVATIVE SOLUTIONS & SUPP	Common Stock	45769N105	206	32,200	SH		SOLE		32,200	0	0
OVASCIENCE INC	Common Stock	69014Q101	489	35,600	SH		SOLE		35,600	0	0
VELOCITYSHARES VIX SHORT-TRM	ETP	22542D811	430	38,497	SH		SOLE		38,497	0	0
ISHARES MSCI CHILE CAPPED ET	ETP	464286640	2,328	43,285	SH		SOLE		43,285	0	0
PWRSHS DB COMMODITY SHORT	ETP	25154H467	210	7,512	SH		SOLE		7,512	0	0
GOOGLE INC-CL A	Common Stock	38259P508	2	2	SH		SOLE		2	0	0
PROSHARES VIX SHORT-TERM FUT	ETP	74347W361	407	7,293	SH		SOLE		7,293	0	0
PROSHARES ULTRASHORT SILVER	ETP	74347W114	62	617	SH		SOLE		617	0	0
CHEMUNG FINANCIAL CORP	Common Stock	164024101	791	23,617	SH		SOLE		23,617	0	0
ISHARES CHINA LARGE-CAP ETF	ETP	464287184	19,265	592,438	SH		SOLE		592,438	0	0
VIMPELCOM LTD-SPON ADR	ADR	92719A106	21	2,128	SH		SOLE		2,128	0	0
ISHARES MSCI SOUTH KOREA CAP	ETP	464286772	17,974	337,882	SH		SOLE		337,882	0	0
IPATH DOW JONES-UBS COMMDTY	ETP	06738C778	18	498	SH		SOLE		498	0	0
BNC BANCORP	Common Stock	05566T101	300	26,270	SH		SOLE		26,270	0	0
PROSHARES ULTRASHORT GOLD	ETP	74347W395	1,905	17,890	SH		SOLE		17,890	0	0
VELOCITYSHARES 3X INVERSE GO	ETP	22542D670	936	10,527	SH		SOLE		10,527	0	0
ETFS PLATINUM TRUST	ETP	26922V101	13	100	SH		SOLE		100	0	0
PROSHARES SHORT VIX ST FUTUR	ETP	74347W627	11,637	148,343	SH		SOLE		148,343	0	0
ISHARES MSCI POLAND CAPPED E	ETP	46429B606	1,995	82,041	SH		SOLE		82,041	0	0
PROSHARES ULTRA SILVER	ETP	74347W841	73	4,310	SH		SOLE		4,310	0	0
C-TRACKS ETN VOLATILITY INDX	ETP	17318Q475	551	39,460	SH		SOLE		39,460	0	0
IPATH S&P 500 VIX M/T FU ETN	ETP	06740C519	425	18,433	SH		SOLE		18,433	0	0
IPATH DJ-UBS NICKEL SUBINDEX	ETP	06739F119	161	8,699	SH		SOLE		8,699	0	0
IPATH DJ-UBS COCOA SUBINDEX	ETP	06739H313	1	33	SH		SOLE		33	0	0
MOLYCORP INC	Common Stock	608753109	0	15	SH		SOLE		15	0	0
FIRST TRUST EMERGING MARKETS	ETP	33737J182	1,210	52,558	SH		SOLE		52,558	0	0
REIS INC	Common Stock	75936P105	178	9,609	SH		SOLE		9,609	0	0
KEYNOTES FT 130/30 LARGE CAP	ETP	46625H761	0	12	SH		SOLE		12	0	0
TEUCRIUM AGRICULTURAL FUND	ETP	88166A706	429	10,659	SH		SOLE		10,659	0	0
ISHARES MSCI JAPAN ETF	ETP	464286848	11,688	1,041,799	SH		SOLE		1,041,799	0	0
PALMETTO BANCSHARES INC	Common Stock	697062206	345	26,569	SH		SOLE		26,569	0	0
TEUCRIUM SUGAR FUND	ETP	88166A409	6	404	SH		SOLE		404	0	0
VELOCITYSHARES 2X VIX SH-TRM	ETP	22539T852	9,803	3,142,204	SH		SOLE		3,142,204	0	0
IPATH PURE BETA INDUSTRIALS	ETP	06740P296	2	64	SH		SOLE		64	0	0
AMERICA MOVIL-ADR SERIES L	ADR	02364W105	9	413	SH		SOLE		413	0	0
ETRACS NAT GAS FUT CONTANGO	ETP	90267B799	4	151	SH		SOLE		151	0	0
TATA COMMUNICATIONS-ADR	ADR	876564105	48	9,342	SH		SOLE		9,342	0	0
VELOCITYSHARES 3X INVERSE SI	ETP	22542D654	1,009	13,477	SH		SOLE		13,477	0	0
ETRACS CMCI INDUST MTLS TR	ETP	902641752	1	41	SH		SOLE		41	0	0
US NATURAL GAS FUND LP	ETP	912318201	55	2,896	SH		SOLE		2,896	0	0
GREAT PANTHER SILVER LTD	Common Stock	39115V101	0	39	SH		SOLE		39	0	0
ISHARES MSCI TURKEY ETF	ETP	464286715	2,337	39,500	SH		SOLE		39,500	0	0
SCHWAB EMERGING MARKETS EQUI	ETP	808524706	4	190	SH		SOLE		190	0	0
DIREXION DLY EMG MKT BEAR 3X	ETP	25459Y470	410	6,836	SH		SOLE		6,836	0	0
POWERSHARES DB OIL 2X SHORT	ETP	25154K809	292	7,218	SH		SOLE		7,218	0	0
ISHARES EUROPE ETF	ETP	464287861	3,564	91,995	SH		SOLE		91,995	0	0
NEWBRIDGE BANCORP	Common Stock	65080T102	405	67,631	SH		SOLE		67,631	0	0
ISHARES MSCI INDONESIA ETF	ETP	46429B309	657	21,064	SH		SOLE		21,064	0	0
PROSHARES ULTSHRT MSCI EM	ETP	74347X575	32	1,235	SH		SOLE		1,235	0	0
BANCOLOMBIA S.A.-SPONS ADR	ADR	05968L102	171	3,033	SH		SOLE		3,033	0	0
ETFS GOLD TRUST	ETP	26922Y105	291	2,401	SH		SOLE		2,401	0	0
KB FINANCIAL GROUP INC-ADR	ADR	48241A105	18	620	SH		SOLE		620	0	0
PROSHARES ULTRA S&P500	ETP	74347R107	151	1,969	SH		SOLE		1,969	0	0
ISHARES GOLD TRUST	ETP	464285105	42	3,519	SH		SOLE		3,519	0	0
BAIDU INC - SPON ADR	ADR	056752108	47	500	SH		SOLE		500	0	0
FACEBOOK INC-A	Common Stock	30303M102	0	2	SH		SOLE		2	0	0
PROSHARES ULTRA MSCI BRAZIL	ETP	74347X120	2	47	SH		SOLE		47	0	0
MARKET VECTORS INDONESIA IND	ETP	57060U753	2,600	89,875	SH		SOLE		89,875	0	0
ELEMENTS ROGERS METALS TR	ETP	870297405	2	253	SH		SOLE		253	0	0
PWRSHS DB GOLD DOUBLE LONG	ETP	25154H749	210	7,770	SH		SOLE		7,770	0	0
ISHARES MSCI MALAYSIA ETF	ETP	464286830	4,700	302,281	SH		SOLE		302,281	0	0
POWERSHARES DB CRUDE SHORT	ETP	25154K874	650	15,681	SH		SOLE		15,681	0	0
ISHARES MSCI MEXICO CAPPED	ETP	464286822	5,312	81,476	SH		SOLE		81,476	0	0
PWRSHS DB AGRICULTURE LONG	ETP	25154H533	25	1,538	SH		SOLE		1,538	0	0
NUVEEN DIV DIVIDEND AND INCM	Closed-End Fund	6706EP105	0	1	SH		SOLE		1	0	0
CENTRAL FUND CANADA LTD-A	Closed-End Fund	153501101	419	30,812	SH		SOLE		30,812	0	0
POWERSHARES DB CRUDE OIL LNG	ETP	25154K866	2	168	SH		SOLE		168	0	0
IPATH S&P 500 DYN VIX ETN	ETP	06741L609	1,924	45,003	SH		SOLE		45,003	0	0
IPATH PURE BETA NICKEL	ETP	06740P213	0	12	SH		SOLE		12	0	0
TELEKOMUNIK INDONESIA-SP ADR	ADR	715684106	427	10,000	SH		SOLE		10,000	0	0
CHINA LIFE INSURANCE CO-ADR	ADR	16939P106	25	726	SH		SOLE		726	0	0
SPDR RUSSELL/NOMURA PR JAPAN	ETP	78463X830	7,824	182,980	SH		SOLE		182,980	0	0
GLOBAL X FTSE COLOMBIA 20	ETP	37950E200	1,470	80,173	SH		SOLE		80,173	0	0
ISHARES MSCI EMERGING MARKET	ETP	464287234	59,709	1,548,137	SH		SOLE		1,548,137	0	0
DB X-TRACKERS MSCI JAPAN HDG	ETP	233051507	2,438	72,301	SH		SOLE		72,301	0	0
SOUTHERN COPPER CORP	Common Stock	84265V105	180	6,532	SH		SOLE		6,532	0	0
IPATH INVERSE S&P 500 VIX II	ETP	06741K486	522	14,146	SH		SOLE		14,146	0	0
SIEMENS AG-SPONS ADR	ADR	826197501	20	200	SH		SOLE		200	0	0
ISHARES MSCI BRAZIL CAPPED E	ETP	464286400	11,567	263,729	SH		SOLE		263,729	0	0
POWERSHS DB GOLD SHORT ETN	ETP	25154H731	66	4,200	SH		SOLE		4,200	0	0
ISHARES MSCI THAILAND CAPPED	ETP	464286624	2,867	36,547	SH		SOLE		36,547	0	0
CREDIT SUISSE GROUP-SPON ADR	ADR	225401108	28	1,068	SH		SOLE		1,068	0	0
NEOGENOMICS INC	Common Stock	64049M209	270	67,767	SH		SOLE		67,767	0	0
PURE CYCLE CORP	Common Stock	746228303	87	15,633	SH		SOLE		15,633	0	0
VELOCITYSHARES 3X LONG NATUR	ETP	22542D571	191	10,378	SH		SOLE		10,378	0	0
MICROSOFT CORP	Common Stock	594918104	0	4	SH		SOLE		4	0	0
IPATH INVERSE S&P 500 VIX SH	ETP	06740L592	48	1,260	SH		SOLE		1,260	0	0
THERAPEUTICSMD INC	Common Stock	88338N107	378	124,665	SH		SOLE		124,665	0	0
KYOCERA CORP -SPONS ADR	ADR	501556203	417	4,100	SH		SOLE		4,100	0	0
VELOCITYSHARES 2X VIX MED-TM	ETP	22542D779	501	66,250	SH		SOLE		66,250	0	0
ISHARES MSCI EAFE ETF	ETP	464287465	33,162	577,972	SH		SOLE		577,972	0	0
SCHWAB INTL EQUITY ETF	ETP	808524805	1,441	52,899	SH		SOLE		52,899	0	0
IMPERIAL HOLDINGS INC	Common Stock	452834104	479	69,941	SH		SOLE		69,941	0	0
PROSHARES ULT DJ-UBS NAT GAS	ETP	74347W122	64	1,776	SH		SOLE		1,776	0	0
DIREXION DAILY INDIA BULL 3X	ETP	25459W383	277	20,388	SH		SOLE		20,388	0	0
ISHARES MSCI ACWI EX US ETF	ETP	464288240	298	7,312	SH		SOLE		7,312	0	0
PWRSHS DB AGR DOUBLE SHT ETN	ETP	25154H566	370	25,546	SH		SOLE		25,546	0	0
GUGGENHEIM SOLAR ETF	ETP	18383Q739	4	160	SH		SOLE		160	0	0
ISHARES MSCI CHINA ETF	ETP	46429B671	5,421	132,677	SH		SOLE		132,677	0	0
ISHARES MSCI PHILIPPINES ETF	ETP	46429B408	1,223	34,914	SH		SOLE		34,914	0	0
ISHARES MSCI EMERGING MARKET	ETP	464286426	1,038	20,188	SH		SOLE		20,188	0	0
DIREXION DLY RUSSIA BEAR 3X	ETP	25459W284	25	1,182	SH		SOLE		1,182	0	0
SPDR MSCI ACWI EX-US	ETP	78463X848	5,562	178,053	SH		SOLE		178,053	0	0
PROSHARES SHORT MSCI EMR MKT	ETP	74347R396	157	5,296	SH		SOLE		5,296	0	0
ISHARES MSCI CANADA ETF	ETP	464286509	2,805	107,071	SH		SOLE		107,071	0	0
VELOCITYSHARES VIX MED-TERM	ETP	22542D787	914	28,688	SH		SOLE		28,688	0	0
PROSHARES ULTRASHORT MSCI BR	ETP	74348A673	5	54	SH		SOLE		54	0	0
WISDOMTREE INDIA EARNINGS	ETP	97717W422	4,514	279,340	SH		SOLE		279,340	0	0
MACATAWA BANK CORP	Common Stock	554225102	294	58,251	SH		SOLE		58,251	0	0
SPDR S&P RUSSIA ETF	ETP	78463X558	578	23,933	SH		SOLE		23,933	0	0
FARMERS CAPITAL BANK CORP	Common Stock	309562106	32	1,474	SH		SOLE		1,474	0	0
HSBC HOLDINGS PLC-SPONS ADR	ADR	404280406	369	7,117	SH		SOLE		7,117	0	0
ISHARES MSCI ALL COUNTRY ASI	ETP	464288182	6,542	119,457	SH		SOLE		119,457	0	0
POWERSHARES DB BASE METALS F	ETP	73936B705	2	136	SH		SOLE		136	0	0
IPATH DJ-UBS PRECIOUS METALS	ETP	06739H248	1,616	26,119	SH		SOLE		26,119	0	0
PWRSHS DB AGRICULTURE SHORT	ETP	25154H541	820	40,009	SH		SOLE		40,009	0	0
SPDR S&P WORLD EX-US ETF	ETP	78463X889	323	12,849	SH		SOLE		12,849	0	0
ING GROEP N.V.-SPONSORED ADR	ADR	456837103	10	1,151	SH		SOLE		1,151	0	0
VELOCITYSHARES 3X INVERSE NA	ETP	22542D530	301	20,436	SH		SOLE		20,436	0	0
DIREXION DLY LAT AMER BULL3X	ETP	25459Y652	77	3,489	SH		SOLE		3,489	0	0
ISHARES CORE S&P 500 ETF	ETP	464287200	16	100	SH		SOLE		100	0	0