Compagnie Financière Tradition's Fourth Quarter Results up 6.2% YoY

According to a company announcement, Swiss group Compagnie Financière Tradition has experienced an increase in revenues on a constant currencies basis in the fourth quarter of 2014.

Compagnie Financière Tradition reported revenues rising by 6.2% to CHF 214.2 million in the final quarter of 2014. The full year result of the company for the year 2014, totals CHF 837.5 million, compared with CHF 874.4 million in 2013, which marks a decline of 4.2% at current exchange rates and 3.5% in constant currencies terms.

Throughout 2014, the company's consolidated adjusted revenue (with proportionate consolidation method for joint ventures in line with the Group management reports) was CHF 894.5million compared with CHF 934.1 million in 2013, which is lower by 3.4% at constant exchange rates.

While in the first half of the year the company’s Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term business in Japan (Gaitame.com) was lower by 37%, the final results for 2014 show a 16% decline. The adjusted revenue from inter-dealer broking business was down 3.1% in constant currencies.

The second half of the year proved to be more active for the firm, as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term across a broad spectrum of financial markets has increased substantially. For the second six months of 2014, Compagnie Financière Tradition reported adjusted revenues tick up by 2.7% in constant currencies.

For the fourth quarter alone, the company’s consolidated adjusted revenue was CHF 229.8million, up 7.8% at constant exchange rates. The inter-dealer broking business ticked higher by 7.0%, while the Japanese retail forex unit shot up 41.3%.

The company expects its net results for 2014 to be significantly higher than a year ago. The firm is set to report its 2014 full year results on March 15th, 2015.