Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) has earlier today posted some financial metrics for the first three months of 2016, with consolidated revenues down in annual terms, but Forex trading business in Japan continuing to perform solidly.
Compagnie Financière Tradition reported Q1 2016 consolidated revenue of CHF 219.5 million compared with CHF 227.3m in the equivalent period in 2015. This is a decrease of 3.4% at current exchange rates or 4.9% in constant currencies.
For the same period, Tradition’s consolidated adjusted revenue was CHF 236.4 million compared with CHF 243.1 million in the same period in 2015, a drop of 2.8% at current exchange rates and a drop of 4.4% in constant currencies.
The adjusted revenue from interdealer broking business (IDB) was down 4.1% at current exchange rates and down 5.6% in constant currencies, whereas the Forex trading business for retail investors in Japan (Non-IDB) staged a 57.4% growth at current exchange rates and a growth of 45.8% in constant currencies.
In 2015, the adjusted revenue from interdealer broking business (IDB) fell 2.3% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 57.3%.
For the full announcement from Tradition, click here.