Gaitame.com Achieves 31.9% YoY Uptick in 2018 Revenue

Japanese foreign exchange (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) brokerage Gaitame.com has enjoyed a solid fourth quarter of 2018. This Friday morning its parent company, Compagnie Financière Tradition (CFT), has announced both its fourth-quarter and full-year results of 2018 on a group and subsidiary level.

In the fourth quarter of last year, CFT reported that its non-IDB (interdealing broker business), which refers to its Japanese subsidiary Gaitame.com, adjusted revenues for the period were up by 27.8 percent year-on-year.

This figure, while still impressive, is almost half of the revenue increase that Gaitame.com achieved in the third quarter of 2018. As Finance Magnates reported, during Q3 of 2018 the unit had an uptick in revenue of 58 percent when measured against the same period in 2017.

The uptick in adjusted revenues also comes despite the fact that the forex broker has reported overall sluggish trading volumes for the last three months of 2018. As Finance Magnates covered, both November and December reported a drop in client activity.

Taking a look at the results on a group level, during the fourth quarter of last year, CFT reported revenue of CHF 220.7 million (the same value in USD). This is up by 10.9 percent in constant currencies when compared to Q4 of 2017, which had consolidated revenue of CHF 201.7 million.

For the same period, consolidated adjusted revenue for the Group climbed by 11.4 percent in constant currencies from CHF 219.8 million in Q4 of 2017 up to CHF 241.9 million in the fourth quarter of 2018. IDB revenue was also up by 10.9 percent year-on-year in the quarter.

Gaitame.com 2018 revenues jump by more than 30 percent

Taking a step back to look at the full-year results, the adjusted revenue for its 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 for retail investors in Japan, Gaitame.com, again managed to achieve a year-on-year increase. For 2018, this uptick was 31.9 percent.

For the IDB, adjusted revenue was up by 9.7 percent in constant currencies. For CFT as a whole, consolidated revenue for the year was CHF 884.7 million. In constant currencies, this represents an increase of 9.5 percent when measured against CHF 802.5 million in 2017.

The Group’s consolidated adjusted revenue for the whole of 2018 was also up by 10.4 percent, jumping from CHF 873.5 million in 2017 to CHF 971.7 million last year.