Compagnie Financière Tradition Reports Strong Gaitame.com Performance
- The Swiss brokerage is reporting strong growth in 2016 with the Japanese retail segment charging higher.
Swiss inter-dealer broker Compagnies Financière Tradition (CFT), which also owns Japanese retail 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 provider Gaitame.com, reported its full results for 2016. The company marks improved profitability after posting flat total revenues but increased margins.
Focusing on CFT’s retail FX business, the company highlights that Gaitame.com posted revenues that are higher by 27.2 percent when compared to the full year 2015.
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The adjusted operating profit of CFT for 2016 is up 7.2 percent to CHF 85.8 million ($84.8 million). Net profits are higher by a quarter (24.2 percent to be precise) to CHF 50.4 million ($49.8 million). As mentioned above, revenues were more or less flat, for precision’s sake, declining 1.4 percent year-on-year to CHF 803.4 million.
The company’s operating margin increased by 0.2 percentage points to 7.5 percent.
Gaitame.com Acting as a Buffer for CFT’s Inter-Bank Business
The Japanese retail forex business of CFT is acting as a buffer at a time when its substantial inter-dealer broking business is more or less flat. During the first half of 2016, revenues from Gaitame.com increased 48.1 percent, driving growth in the Asia Pacific region which is the company’s main point of growth in regional terms.
Adjusted revenues from CFT's inter-dealer broking business declined by 0.7 percent in constant currencies.
Growth in the second half is somewhat tamer when compared to the first half, but this is somewhat justified by the effects of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term saga. The British pound’s slide in the aftermath triggered a substantial increase in trading activity for retail investors in the first half of 2016.
Swiss inter-dealer broker Compagnies Financière Tradition (CFT), which also owns Japanese retail 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 provider Gaitame.com, reported its full results for 2016. The company marks improved profitability after posting flat total revenues but increased margins.
Focusing on CFT’s retail FX business, the company highlights that Gaitame.com posted revenues that are higher by 27.2 percent when compared to the full year 2015.
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The adjusted operating profit of CFT for 2016 is up 7.2 percent to CHF 85.8 million ($84.8 million). Net profits are higher by a quarter (24.2 percent to be precise) to CHF 50.4 million ($49.8 million). As mentioned above, revenues were more or less flat, for precision’s sake, declining 1.4 percent year-on-year to CHF 803.4 million.
The company’s operating margin increased by 0.2 percentage points to 7.5 percent.
Gaitame.com Acting as a Buffer for CFT’s Inter-Bank Business
The Japanese retail forex business of CFT is acting as a buffer at a time when its substantial inter-dealer broking business is more or less flat. During the first half of 2016, revenues from Gaitame.com increased 48.1 percent, driving growth in the Asia Pacific region which is the company’s main point of growth in regional terms.
Adjusted revenues from CFT's inter-dealer broking business declined by 0.7 percent in constant currencies.
Growth in the second half is somewhat tamer when compared to the first half, but this is somewhat justified by the effects of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term saga. The British pound’s slide in the aftermath triggered a substantial increase in trading activity for retail investors in the first half of 2016.