Compagnie Financiere Tradition revenues down 3% in Q1, Japan Retail Forex down 20%

Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) reported first-quarter consolidated revenue of CHF 213.4 million compared with CHF 219.5 million in same period in 2016, up 0.2% in constant currencies.

At current exchange rates, consolidated revenue showed a decrease of 2.8%, impacted by the weakness of pound sterling compared to the same period last year.

For the same period, the Group’s consolidated adjusted revenue was CHF 230.4 million, compared with CHF 236.4 million in 2016, an increase of 0.4% at constant exchange rates.

The adjusted revenue from interdealer broking business (IDB) was up 1.2% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was down 20.5%.

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