Compagnie Financière Tradition marks rise in revenues in H1 2019

Maria Nikolova

Consolidated revenue amounted to CHF 474.3 million in the first half of 2019, compared with CHF 459.8 million in same period in 2018.

Compagnie Financière Tradition, an interdealer broker in over-the-counter financial and commodity related products, has earlier today posted its financial metrics for the first half of 2019.

The broker saw activity grew in the first six months of 2019, with reported consolidated revenue amounting to CHF 474.3 million compared with CHF 459.8 million in same period in 2018, up 3.1% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 3.2%.

For the same six-month period, the Group’s consolidated adjusted revenue was CHF 520.5 million, compared with CHF 502.7 million in 2018, an increase of 3.4% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 3.1% in constant currencies while the Forex trading business for retail investors in Japan (Non-IDB) presented an increase of 11.3%.

In the second quarter of 2019, consolidated revenue was CHF 234.1 million compared with CHF 230.2 million in the year-ago quarter, representing an increase of 2.9% in constant currencies. The Group’s consolidated adjusted revenue was CHF 256.9 million against CHF 251.8 million in 2018, up 3.2% in constant currencies with IDB up 3.0% and Non-IDB up 6.9%.

Let’s recall that the company marked growth in activity in the first quarter of 2019 too, with reported consolidated revenue of CHF 240.2 million compared with CHF 229.6m in same period in 2018, up 3.3% in constant currencies.

In the first quarter of 2019, the Group’s consolidated adjusted revenue was CHF 263.6 million, compared with CHF 250.9 million in the corresponding quarter in 2018, an increase of 3.7% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) was up 3.3% in constant currencies while the forex trading business for retail investors in Japan (Non-IDB) presented an increase of 15.5%.

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