CFT Reports Improved Activity in Q4; 2016 Revenues Stable

Compagnie Financière Tradition has reported positive metrics bolstered by a 27% increase in its Japanese retail forex business.

The Swiss-based multi-asset interdealer broker Compagnie Financière Tradition, listed on the Swiss SIX under ticker CFT, has today reported its metrics for Q4 2016 in a statement, revealing a strong performance for both the final quarter and FY2016 overall.

CFT employs nearly 2200 people across almost every range of asset classes and markets including bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures, and non-financial products (energy and environmental products, and precious metals).  

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Q4 2016 Metrics

The company reported that activity levels in Q4 2016 were stronger with reported consolidated revenue of CHF 190.7 million ($189.2 million), an increase of 4.8 percent YoY compared with Q4 2015.

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The Group’s consolidated adjusted revenue was CHF 207.6 million ($206 million), an increase of 6.0 percent at constant exchange rates with interdealer broking business (IDB) and Non-IDB up 5.7 percent and 16.9 percent respectively.

For the year 2016, consolidated revenue was CHF 803.4 million ($797.2 million) compared with CHF 814.5 million ($808.2 million) in 2015, a decrease of -1.4 percent. In constant currencies, the consolidated revenue was down -0.4 percent.

For the whole year, the Group’s consolidated adjusted revenue was CHF 870.1 million ($863.4 million) compared with CHF 873.8 million ($867 million) in 2015, an increase of 0.2 percent at constant exchange rates.

The adjusted revenue for IDB was down -0.7 percent in constant currencies while the company’s Japanese retail forex business, Gaitame (Non-IDB), which recently reported comparatively weak trading volumes for December, still managed to deliver a respectable YoY increase of 27.2 percent.

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