Weaker trading activity hits Tradition’s revenues in Q4 2015


Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) earlier today posted its key financial metrics for the final quarter and full year 2015, with slower trading activity in the last three months of the preceding year weighing on revenues.

  • For Q4 2015:

The reported consolidated revenue for Q4 2015 of CHF 190.7 million ($188.6m), down 9.9% in constant currencies from the equivalent quarter last year. The result was down 3.3% from the result of CHF 197.2 million recorded in Q3 2015.

The Group’s consolidated adjusted revenue was CHF 204.5 million in Q4 2015, down 9.9% at constant exchange rates from Q4 2014 and down 3.6% from Q3 2015. In annual terms, interdealer broking business (IDB) revenues fell 10.7%, whereas non-IDB revenues, coming from the retail FX business in Japan, were up 24.2%.

  • For the full 2015:

For the year 2015, consolidated revenue was CHF 814.5 million, compared with CHF 837.5 million in 2014, a decrease of 2.7% at current exchange rates or 1.7% in constant currencies.

For the whole 2015, the Group’s consolidated adjusted revenue was CHF 873.8 million compared with CHF 894.5 million in 2014, a decrease of 1.1% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was down 2.3% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) was up 57.5%.

On the brighter side, the Group’s net result is forecast to be higher than last year.

You can view the official announcement from Tradition by clicking here.

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Weaker trading activity hits Tradition's revenues in Q4 2015

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