Compagnie Financière Tradition’s Q3 Revenue Jumps over 19%

Compagnie Financière Tradition (CFT), a Swiss interdealer broker and operator of a Japanese retail broking giant, published its critical financials for the third quarter of 2022, reporting a consolidated revenue of CHF 232.4 million.

The figure increased by 19.2 percent year-over-year at a constant exchange rate from CHF 202.6 million generated as revenue in the previous year's third quarter. The jump based on the current exchange rates was 14.7 percent.

The press release shared with Finance Magnates further detailed that the group's adjusted revenue for the three months, between July and September, came in at CHF 252.6 million compared to CHF 220.5 million in the previous year. That was a year-over-year increase of 19.4 percent at constant exchange rates.

Two Revenue Streams

CFT divides its business into two primary divisions, the interdealer broking business (IDB) and the non-interdealer broking business, which is its retail forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term business in Japan under the brand Gaitame.

The revenue from the group's IDB streams jumped by 19.4 percent last quarter, while the figure from the Japanese 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 climbed by 19.2 percent.

At constant currency rates, IDB revenues have increased by 15.1 percent. However, non-IDB numbers have declined by 0.3 percent due to a weakening Japanese currency.

Compagnie Financière Tradition has been posting impressive numbers for a few quarters now. It closed the first six months of the ongoing year with a reported revenue of CHF 483.9 million and a profit of CHF 51.1 million. These figures jumped at current rates by 7.1 percent and 44 percent, respectively.

However, in 2021, the group witnessed a 2.5 percent decline in its adjusted revenue. The figure came in at CHF 950.8 million and a yearly pre-tax profit of CHF 85 million.