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%.

Read this next

Digital Assets

Zumo launches B2B ‘Crypto-as-a-Service’ solution for brokers

The new product, Zumo Enterprise, also features an embedded ESG and net zero strategy.

Technology

Top Tools to Add to Your Trading Platform to Delight and Retain Traders

The online trading boom that started during the pandemic-led lockdowns is abating. This is in part due to sustained market volatility which seems to be discouraging new investors. For example, day trading volumes in the US for retail investors declined in the last 2 quarters of 2021.  

Technology

Embedded finance platform Alviere taps Marqeta for branded card issuance in Europe and UK

Alviere has recently raised $70 million to fuel the ongoing expansion across the European region and the United Kingdom.

Retail FX

Overcharts partners with dxFeed for CME Group Market Depth

“More and more traders are using Market Depth while conducting volume analysis. Its primary function is to help traders identify potential support and resistance levels.”

Digital Assets

CoinGecko expands collaboration with CER.live security rating

CoinGecko, one of the earliest crypto data aggregators, has integrated the security score data from the CER.live rating. The trust assessments given to crypto projects will be integrated into their pages on CoinGecko website to draw users’ attention to the importance of security.

Metaverse Gaming NFT

Klaytn taps Parity Technologies to build infrastructure for Klaytn-Substrate

Klaytn has initiated a collaboration with blockchain infrastructure company Parity Technologies to strengthen its tech stack and meet the demands of enterprises looking to harness the crypto technology.

Retail FX

US Retail FX brokers suffer steep fall in client deposits, Trading.com racked up $46K

Retail FX deposits at US brokerages, which have been struggling to eke out a profit in a strict regulatory environment, dropped in March 2022 by $35 million, CFTC data showed.

Retail FX

eToro supports Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI)

Israeli social trading network eToro has added support for trading three new tokens. Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI) are the next coins to join eToro’s list of featured digital assets.

Executive Moves

LiquidityBook hires Fintech veteran Jonathan Cross to lead EMEA business

LiquidityBook, a provider of FIX and OMS trading solutions for both the buy and sell-side, has added Jonathan Cross to its business team for the EMEA region.

<