Japanese foreign exchange brokerage Gaitame.com has enjoyed a strong third quarter this year. This Friday morning its parent company, Compagnie Financière Tradition (CFT), has announced both its third-quarter and first nine months of 2018 results on a group and subsidiary level.
In the third quarter of 2018, CFT reported that its non-IDB (interdealing broker business), which refers to its Japanese subsidiary Gaitame.com, revenues for the third quarter were up by an impressive 58 percent when compared to the third quarter of last year.
On a group level, consolidated revenue came in at CHF 204.2 million ($204.2 million). When comparing this value to the same time period last year, which had consolidated revenue of CHF 189.4 million, this represents an increase of 6.3 percent in constant currencies.
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CFT’s consolidated adjusted revenue in the third quarter of this year was CHF 227.1 million, up from CHF 208.0 million in the same quarter of 2017. This is a jump of 7.6 percent in constant currencies.
Gaitame.com Sees Strong Uptick in Revenues for First Nine Months
Now, taking a look at the first nine months of the year, CFT’s forex trading business for retail investors in Japan (Gaitame.com), experienced an increase in adjusted revenues of an impressive 33 percent year-on-year.
For the group, CFT reported consolidated revenue of CHF 664.0 million. When comparing this figure to the same time last year, this is an increase of 9 percent. When converting the difference at currency exchange rates, consolidated revenue was up by 10.5 percent.
In addition, the group’s consolidated adjusted revenue was CHF 729.8 million, up 10.1 percent year-on-year at constant exchange rates from CHF 653.7 million in 2017. For its interdealing broker business (IDB), the adjusted revenue jumped by 9.4 percent in constant currencies.