Its interdealer business generated most of the revenue in the quarter and also in the year.
Revenue from Gaitame came in at CHF 6.6 million.
Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and operator of a Japanese retail foreign exchange (forex) trading platform, closed its fourth quarter of 2023 with a reported revenue of CHF 244.1 million, an increase of 5.6 percent and 13.4 percent in variable and constant currencies, respectively.
Impressive Quarterly Numbers
According to the official figures posted today (Thursday), the company's adjusted revenue for the three months between October and December came in at CHF 260.4 million. Year-over-year, the figure increased 3.8 percent in variable currencies and 11.5 percent in constant currencies.
CFT is headquartered and listed in Switzerland and operates an interdealer broking venue. It also manages Gaitame, one of Japan's latest retail forex brokers.
The quarterly revenue from its interdealer broking business (IDB) came in at CHF 253.8 million compared to CHF 242.7 million in the corresponding quarter of the previous year. The non-interdealer brokering business (non-IDB), the retail trading operations in Japan, brought in CHF 6.6 million, down from CHF 8.2 million.
Yearly Performance Stays Strong
Considering the full-year performance, the Swiss company generated CHF 982.4 million in annual reported revenue, while the adjusted figure reached over CHF 1.05 billion. In the previous year, these figures were at CHF 947.4 million and CHF 1.02 billion, respectively.
Again, the IDB revenue at CHF 1.02 billion brought in a significant portion of the total annual figure, while non-IDB revenue declined to CHF 31.4 million from CHF 33.9 million.
“The normalization of the monetary policy of central banks with the increase in interest rates during the year followed by an observation period in the search of the balance point that combine the control of inflation and a soft landing of the economy, all in an already complex geopolitical environment, were supportive to the Group's interdealer broking business activities,” the company stated.
“Tradition also benefited from favorable market conditions in the energy and commodity businesses as well as the development of its activity dedicated to market data commercialization.”
Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and operator of a Japanese retail foreign exchange (forex) trading platform, closed its fourth quarter of 2023 with a reported revenue of CHF 244.1 million, an increase of 5.6 percent and 13.4 percent in variable and constant currencies, respectively.
Impressive Quarterly Numbers
According to the official figures posted today (Thursday), the company's adjusted revenue for the three months between October and December came in at CHF 260.4 million. Year-over-year, the figure increased 3.8 percent in variable currencies and 11.5 percent in constant currencies.
CFT is headquartered and listed in Switzerland and operates an interdealer broking venue. It also manages Gaitame, one of Japan's latest retail forex brokers.
The quarterly revenue from its interdealer broking business (IDB) came in at CHF 253.8 million compared to CHF 242.7 million in the corresponding quarter of the previous year. The non-interdealer brokering business (non-IDB), the retail trading operations in Japan, brought in CHF 6.6 million, down from CHF 8.2 million.
Yearly Performance Stays Strong
Considering the full-year performance, the Swiss company generated CHF 982.4 million in annual reported revenue, while the adjusted figure reached over CHF 1.05 billion. In the previous year, these figures were at CHF 947.4 million and CHF 1.02 billion, respectively.
Again, the IDB revenue at CHF 1.02 billion brought in a significant portion of the total annual figure, while non-IDB revenue declined to CHF 31.4 million from CHF 33.9 million.
“The normalization of the monetary policy of central banks with the increase in interest rates during the year followed by an observation period in the search of the balance point that combine the control of inflation and a soft landing of the economy, all in an already complex geopolitical environment, were supportive to the Group's interdealer broking business activities,” the company stated.
“Tradition also benefited from favorable market conditions in the energy and commodity businesses as well as the development of its activity dedicated to market data commercialization.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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