Compagnie Financière Tradition marks 9.5% year-on-year rise in revenues in 2018

Maria Nikolova

Consolidated revenue amounted to CHF 884.7m in 2018, up from CHF 802.5m in 2017.

Compagnie Financière Tradition, an interdealer broker in over-the-counter financial and commodity related products, has earlier today posted some key financial metrics for 2018.

The Group saw activity grew in the year, as it reported consolidated revenue of CHF 884.7 million in 2018 compared with CHF 802.5 million in 2017, up 9.5% in constant currencies. At current exchange rates, consolidated revenue marked an increase of 10.2%.

For the whole year, the Group’s consolidated adjusted revenue was CHF 971.7 million, compared with CHF 873.5 million in 2017, staging an increase of 10.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 9.7% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 31.9%.

In the fourth quarter of 2018, consolidated revenue amounted to CHF 220.7 million compared with CHF 201.7 million in the fourth quarter 2017, representing an increase of 10.9% in constant currencies. The Group’s consolidated adjusted revenue was CHF 241.9 million against CHF 219.8 million in 2017, up 11.4% in constant currencies with IDB up 10.9% and Non-IDB up 27.8%.

The robust results for the whole of 2018 are barely surprising given that the Group registered growth in activity for the first nine months of 2018 too, as adjusted revenue was up 10.1% to CHF 729.8 million. In the first nine months of the year with reported consolidated revenue amounted to CHF 664 million compared with CHF 600.8 million in same period in 2017. This represented an increase of 9% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 10.5%.

For the same period, the Group’s consolidated adjusted revenue was CHF 729.8m, compared with CHF 653.7m in 2017, an increase of 10.1% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 9.4% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 33.3%.

In the third quarter, consolidated revenue was CHF 204.2 million compared with CHF 189.4 million in the third quarter 2017, representing an increase of 6.3% in constant currencies. The Group’s consolidated adjusted revenue was CHF 227.1 million against CHF 208 million in 2017, up 7.6% in constant currencies with IDB up 6.0% and Non-IDB up 58%.

Read this next

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

Institutional FX

BMLL delivers Level 3 data to Kepler Cheuvreux for order book analytics and algo performance

The solution covers more than 6.5 years of harmonised historical data from 65 venues and combines it with easy to use APIs and analytics libraries in a secure cloud environment. 

Digital Assets

Crypto Is An Invaluable Tool In The Fight Against Financial Oppression  

Crypto has proven itself to be much more than just a hot investment. Indeed, some say it’s poised to play a critical role in the future of finance

Executive Moves

Parameta appoints Head of Benchmark and Indices with a focus on ESG and rates

The firm said building out its benchmarks & indices offering will now be a core priority, with a particular focus on the ESG and rates space.

<