Compagnie Financière Tradition Reports Japanese Forex Business Up 57.5%
- The revenues from the Japanese forex business of Compagnie Financière Tradition have massively outperformed those of its interdealer broking unit.
Compagnie Financière Tradition has issued an announcement detailing its results for the full year 2015. The company announced that its relatively weak fourth quarter results led to a year that was more or less flat, as revenues in constant currencies have declined by 1.7 per cent, but expectations for the net result were higher.
However the more interesting part of the communique which Compagnie Financière Tradition released this morning is the performance of its Japanese foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term broking business.
Consolidated revenues for 2015 were reported by Compagnie Financière Tradition at CHF 814.5 million, which is down 2.7 per cent at currency exchange rates when compared to last year’s CHF 837.5 million, however revenues 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 unit spiked higher.
The adjusted revenue from the company’s non-interdealer broking business (non-IDB) which is the Japanese forex broking unit dealing with retail investors increased by 57.5 per cent. This compared to a decline in the adjusted revenue from the interdealer broking business (IDB), which was down 2.3 per cent in constant currencies.
Looking at the consolidated adjusted revenue of Compagnie Financière Tradition, it totaled to CHF 873.8 million compared with CHF 894.5 million in 2014, which marks a decrease of 1.1 per cent at constant exchange rates.
The second part of the year has been slower, as during the final quarter of the year Compagnie Financière Tradition registered consolidated revenues of CHF 190.7 million. The figure is lower by 9.9 per cent year-on-year. During the same period the non-IDB Japanese forex business still registered growth of 24.2 per cent, while the IDB declined 10.7 per cent.
For the second half of the year, Compagnie Financière Tradition’s consolidated adjusted revenue was down 4.4 per cent in constant currencies when compared with the second half of 2014.
Compagnie Financière Tradition has issued an announcement detailing its results for the full year 2015. The company announced that its relatively weak fourth quarter results led to a year that was more or less flat, as revenues in constant currencies have declined by 1.7 per cent, but expectations for the net result were higher.
However the more interesting part of the communique which Compagnie Financière Tradition released this morning is the performance of its Japanese foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term broking business.
Consolidated revenues for 2015 were reported by Compagnie Financière Tradition at CHF 814.5 million, which is down 2.7 per cent at currency exchange rates when compared to last year’s CHF 837.5 million, however revenues 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 unit spiked higher.
The adjusted revenue from the company’s non-interdealer broking business (non-IDB) which is the Japanese forex broking unit dealing with retail investors increased by 57.5 per cent. This compared to a decline in the adjusted revenue from the interdealer broking business (IDB), which was down 2.3 per cent in constant currencies.
Looking at the consolidated adjusted revenue of Compagnie Financière Tradition, it totaled to CHF 873.8 million compared with CHF 894.5 million in 2014, which marks a decrease of 1.1 per cent at constant exchange rates.
The second part of the year has been slower, as during the final quarter of the year Compagnie Financière Tradition registered consolidated revenues of CHF 190.7 million. The figure is lower by 9.9 per cent year-on-year. During the same period the non-IDB Japanese forex business still registered growth of 24.2 per cent, while the IDB declined 10.7 per cent.
For the second half of the year, Compagnie Financière Tradition’s consolidated adjusted revenue was down 4.4 per cent in constant currencies when compared with the second half of 2014.