Compagnie Financière Tradition registers rise in revenues in FY19

Maria Nikolova

The adjusted revenue from interdealer broking business rose 5% in constant currencies while the forex trading business for retail investors in Japan was down 2.7%.

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

The company marked growth in activity during the year with reported consolidated revenue of CHF 924.1 million compared with CHF 884.7 million in 2018, up 5.1% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 4.5%.

For the whole year, the Group’s consolidated adjusted revenue was CHF 1,012.5 million, compared with CHF 971.7 million in 2018. This translates into an increase of 4.7% at constant exchange rates. The adjusted revenue from interdealer broking business (IDB) rose 5.0% in constant currencies while the Forex trading business for retail investors in Japan (Non-IDB) was down 2.7%. Let’s note that, in the first half of 2019, the Forex trading business for retail investors in Japan presented an increase of 11.3%.

After an increase of 3.4% in constant currencies during the first semester, the consolidated adjusted revenue was up 6.1% in constant currencies in the second half of the year compared with the equivalent period in 2018, with IDB up 7.0% and Non-IDB down 14.8%.

The fourth quarter of the year was somewhat subdued, as the Group reported consolidated revenue was CHF 219 million for the three-month period compared with CHF 220.7 million in the fourth quarter 2018, representing a decrease of 0.2% in constant currencies. The Group’s consolidated adjusted revenue was CHF 238.1 million against CHF 241.9 million in 2018, down 1.1% in constant currencies with IDB down 0.5% and Non-IDB down 17.5%.

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