LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has today reported first-quarter consolidated revenue of CHF 227.3m, which is a 6.2% increase compared to the final quarter of 2014, a period in which consolidated revenues amounted to CHF 214.2m.
For the first quarter of this year, the Group’s consolidated adjusted revenue was CHF 243.1m, compared with CHF 236.4m in 2014, an increase of 3.4% at constant exchange rates. More remarkably, this represents a 6.1% increase in consolidated adjusted revenue compared to the previous quarter.
The adjusted revenue from the firm’s interdealer broking business (IDB) was up 2.8% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 29.3% compared to the first quarter of 2014, clearly demonstrating a recovery in trading activity for Gaitame, the Japanese FX company owned by Tradition, which suffered a downturn in FX trading activity of 16% for the entire duration of last year.
For the official announcement from Compagnie Finanicere Tradition, click here.