Tradition's Retail FX Business in Japan Jumps Up 64.5% YoY

Earlier today, Swiss inter-dealer brokerage group, Compagnie Financière Tradition (CFT), published financial metrics for H1 and Q2 2015 in a brief summary statement.

The Swiss group reported first-half consolidated revenue of CHF 426.6 million, compared with CHF 425.4 million during the same period in 2014, an increase of 0.3% at current exchange rates or 1.1% in constant currencies.

For the same period, the Compagnie Financière Tradition’s consolidated adjusted revenue was CHF 457.2 million, compared with CHF 452.3 million in 2014, an increase of 2.2% at constant exchange rates.

The adjusted revenue from interdealer broking business was up 1.1% in constant currencies while the 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 trading business for retail investors in Japan was up 64.5%.

In the second quarter of the year, consolidated revenue was CHF 199.3 million, down 0.8% in constant currencies from the equivalent quarter last year. The Group’s consolidated adjusted revenue was CHF 214.1 million, up 0.8% at constant exchange rates with interdealer broking business down 0.9% and non-interdealer broking business up 112.4%.