Gaitame Parent Company Q1 Revenues Higher on COVID-19 Volatility

Compagnie Financière Tradition (CFT), the Switzerland-based parent company of Japanese foreign exchange (forex) broker Gaitame, has published details on its financial performance for the first quarter of 2020 this Friday.

The core business of CFT is to ensure Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the financial markets across different asset classes globally. Therefore, during the first three months of this year, the Swiss company saw a significant increase in business volumes.

During Q1 of 2020, the company reported consolidated revenue of CHF 227.3 million ($232.6 million), which is higher than the same quarter of the previous year, which posted CHF 240.2 million in consolidated revenue, by 20.5 per cent.

The first three months of this year have been highly influenced by the coronavirus pandemic, which has caused very high volatility in the financial markets, particularly during the month of March. These high levels of volatility have made the job of Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term even harder and, no doubt, busier.

For the same three month period, the Swiss-based parent company achieved consolidated adjusted revenue of CHF 303.5 million. This represents an increase of 20 per cent against the CHF 263.6 million consolidated adjusted revenue noted in Q1 of 2019.

Gaitame Q1 revenue up 17.9% MoM

Throughout the first quarter of 2020, the Group’s forex trading business for retail investors in Japan, which is the operations of Gaitame, saw an increase of 17.9 per cent in adjusted revenue. CFT did not provide exact figures for the actual revenue achieved.

At the same time, for the company’s interdealing broking business, adjusted revenue rose by 20.1 per cent in constant currencies, the statement released this Friday showed.

In addition to providing an overview of its performance in the first quarter, CFT also outlined that although historically the company generally sees a reduction in volatility in the financial markets in April month-on-month, volatility continues to remain high in April.