Gaitame Forex Business of Compagnie Financière Tradition Drops 20%

The Japanese retail 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 of Compagnie Financière Tradition (CFT), Gaitame.com, lost 20 percent of revenues year-on-year in the third quarter of 2017. Decreased 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, particularly in the Japanese yen market, is the main factor behind the decline.[gptAdvertisement].

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Overall, Compagnie Financière Tradition reported its revenues increased by 2.5 percent in constant currencies and by 4.2 percent on an adjusted basis to CHF 187.5 million ($187.8 million). The company's consolidated adjusted revenue totaled CHF 208.0 million ($208.4 million) versus CHF 202.5 million a year ago.

The Swiss financial firm's interdealer-broking business which is the main revenue source for Compagnie Financière Tradition rose 5.3 percent on a yearly basis, therefore offsetting the decline at Gaitame.com.

Looking at the first nine months of the year, CFT reported a consolidated revenue stream of CHF 600.8 million ($601.9 million). The figure is lower by 1.9 percent in constant currencies. Adjuster for FX, the consolidated revenue of the firm was about flat when compared to the first nine months of 2016.

Japanese Retail Forex Could be Set for a Rebound

The election of Japanese Prime Minister Abe for another term with a supermajority in the lower house of parliament is set to increase volatility in the Japanese yen. The constitutional majority which the new government of Abe enjoys should lead to material changes, that may affect the local currency market.

One of the main tasks of the new old prime minister is to appoint a new governor to the Bank of Japan. Abe is largely expected to continue supporting current BoJ chief, Harihuko Kuroda. With the implementation of the quantitative and qualitative easing program with yield curve control in 2014, the Japanese yen's value fluctuated widely to reach as low as 125.87 in mid-2015.

Since then the Japanese yen has somewhat recovered as local investors have become less active on the currency market. Typically, Japanese retail forex traders become more active when monetary policy targets a lower exchange rate.