The group company generated CHF 262.4 million from its IDB business, with the remainder from retail brokerage.
The third quarter turned out to be the best compared to the previous two quarters in 2024.
Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and operator of a Japanese retail forex trading platform, generated consolidated revenue of CHF 272.3 million in the third quarter of 2024, a jump of 16.2 percent at constant exchange rates year-over-year. However, at current exchange rates, the consolidated revenue increase is only 12.9 percent.
All Business Units Strengthen
The Swiss holding company generates the majority of its revenue from its inter-dealer broker (IDB) business, which brought in CHF 262.4 million between July and September, compared to CHF 234.8 million a year ago. The increase in this business unit is 11.8 percent at current exchange rates and 15 percent at constant exchange rates.
The Japanese retail brokerage division, which operates under the Gaitame brand, generated CHF 9.9 million in revenue, compared to CHF 6.3 million in the corresponding quarter of 2023.
According to the IFRS standard, the reported revenue of Switzerland-listed Compagnie came in at CHF 251.1 million, up from CHF 225 million in Q3 2023.
A Solid Year for CFT
Finance Magnates earlier reported that the company’s consolidated revenue for the first six months was CHF 537.1 million, reflecting a yearly increase of 4.6 percent and 9.2 percent, respectively, at current and constant exchange rates. It generated CHF 271.5 million in the second quarter of the year, while CHF 265.6 million was reported for the first three months.
Thus, the latest quarterly revenue is by far the highest for the company when compared with the previous two quarters.
Furthermore, the pre-tax profits of the group company jumped to CHF 81.5 million from CHF 69.1 million between January and June 2024. Its net profit share came in at CHF 60 million, higher than the CHF 51 million in the first six months of 2023. However, it did not release the profitability details for the latest three months.
Compagnie Financière Tradition (SWX: CFT), an inter-dealer broker and operator of a Japanese retail forex trading platform, generated consolidated revenue of CHF 272.3 million in the third quarter of 2024, a jump of 16.2 percent at constant exchange rates year-over-year. However, at current exchange rates, the consolidated revenue increase is only 12.9 percent.
All Business Units Strengthen
The Swiss holding company generates the majority of its revenue from its inter-dealer broker (IDB) business, which brought in CHF 262.4 million between July and September, compared to CHF 234.8 million a year ago. The increase in this business unit is 11.8 percent at current exchange rates and 15 percent at constant exchange rates.
The Japanese retail brokerage division, which operates under the Gaitame brand, generated CHF 9.9 million in revenue, compared to CHF 6.3 million in the corresponding quarter of 2023.
According to the IFRS standard, the reported revenue of Switzerland-listed Compagnie came in at CHF 251.1 million, up from CHF 225 million in Q3 2023.
A Solid Year for CFT
Finance Magnates earlier reported that the company’s consolidated revenue for the first six months was CHF 537.1 million, reflecting a yearly increase of 4.6 percent and 9.2 percent, respectively, at current and constant exchange rates. It generated CHF 271.5 million in the second quarter of the year, while CHF 265.6 million was reported for the first three months.
Thus, the latest quarterly revenue is by far the highest for the company when compared with the previous two quarters.
Furthermore, the pre-tax profits of the group company jumped to CHF 81.5 million from CHF 69.1 million between January and June 2024. Its net profit share came in at CHF 60 million, higher than the CHF 51 million in the first six months of 2023. However, it did not release the profitability details for the latest three months.
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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📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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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