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Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has earlier today revealed some financial metrics for the third quarter of 2015, with overall revenues staging a slight rise in annual terms and the FX business in Japan gaining momentum.
For the third quarter of 2015, the Group posted consolidated revenue of CHF 197.2 million ($203 million), a result which is 0.7% higher in constant currencies from the corresponding quarter last year.
During the third quarter of 2015, the Group’s consolidated adjusted revenue was CHF 212.2 million, up 1.2% at constant exchange rates from a year earlier.
Revenues at the interdealer broking business (IDB) fell 0.5% year-on-year in the third quarter of 2015, whereas the Non-IDB delivered a steep rise in revenues of 89.8%.
For the first nine months of the year, consolidated revenue was CHF 623.8 million, compared with CHF 623.3 million recorded in same period in 2014. This translates into an increase of 0.1% at current exchange rates or a rise of 1.0% in constant currencies.
For the nine-month period, the Group’s consolidated adjusted revenue was CHF 669.3 million compared with CHF 664.7 million in 2014, an increase of 1.9% in constant exchange terms. The adjusted revenue from interdealer broking business (IDB) was up 0.6% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 73.1%.
The robust performance of the Group’s Forex trading business in Japan in the third quarter of this year continues a trend exhibited in the first half, when revenue from these operations increased by massive 64.5% at constant exchange rates compared with the first half of 2014.
To view the official announcement from Tradition on its financial metrics for the third quarter of 2015, click here.