Gaitame Records 5.9% YoY Uptick in H1 2020 Revenues
- For the second quarter, however, the revenue achieved by the broker fell by 7.7 per cent.
Compagnie Financière Tradition (CFT), the parent company of Japanese retail broker Gaitame, has published its results for the first half of 2020, revealed an increase in revenues across the board.
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 in the financial markets across different asset classes globally. Therefore, with the onset of the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, pandemic, the Swiss company has experienced a solid uptick in business volumes - particularly in the first quarter of the year.
In H1 2020, an uptick in activity has resulted in consolidated revenue coming in at CHF 512.8 million. This represents a growth of 13.6 per cent in constant currencies against the same period in 2019 when CFT reported consolidated revenue of CHF 474.3 million.
For the first six months of 2020, the Switzerland-headquartered Group posted consolidated adjusted revenue of CHF 558.0 million. This is stronger than the CHF 520.5 million in 2019, by 12.5 per cent at constant exchange rates. For the company’s interdealer broking business, adjusted revenue was stronger by 12.8 per cent in constant currencies.
Gaitame revenue increases in H1 2020
Taking a look at the Group’s foreign exchange (forex) trading business for retail investors in Japan - Gaitame, adjusted revenue increased slightly on a year-on-year comparison, growing by 5.9 per cent.
However, for the second quarter, Gaitame’s performance has not held up as well. During the period consolidated adjusted revenue in constant currencies declined by 7.7 per cent when measured against the same period of the prior year.
In the first quarter of 2020, CFT reported that Gaitame saw an increase of 17.9 per cent in adjusted revenue on a yearly comparison, as Finance Magnates reported. CFT has not provided the exact figures for the actual revenue achieved for either period.
For the Group as a whole, consolidated revenue increased by 6.6 per cent, rising from CHF 234.1 million in the second quarter of 2019, to reach CHF 235.5 million in the current quarter.
Compagnie Financière Tradition (CFT), the parent company of Japanese retail broker Gaitame, has published its results for the first half of 2020, revealed an increase in revenues across the board.
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 in the financial markets across different asset classes globally. Therefore, with the onset of the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, pandemic, the Swiss company has experienced a solid uptick in business volumes - particularly in the first quarter of the year.
In H1 2020, an uptick in activity has resulted in consolidated revenue coming in at CHF 512.8 million. This represents a growth of 13.6 per cent in constant currencies against the same period in 2019 when CFT reported consolidated revenue of CHF 474.3 million.
For the first six months of 2020, the Switzerland-headquartered Group posted consolidated adjusted revenue of CHF 558.0 million. This is stronger than the CHF 520.5 million in 2019, by 12.5 per cent at constant exchange rates. For the company’s interdealer broking business, adjusted revenue was stronger by 12.8 per cent in constant currencies.
Gaitame revenue increases in H1 2020
Taking a look at the Group’s foreign exchange (forex) trading business for retail investors in Japan - Gaitame, adjusted revenue increased slightly on a year-on-year comparison, growing by 5.9 per cent.
However, for the second quarter, Gaitame’s performance has not held up as well. During the period consolidated adjusted revenue in constant currencies declined by 7.7 per cent when measured against the same period of the prior year.
In the first quarter of 2020, CFT reported that Gaitame saw an increase of 17.9 per cent in adjusted revenue on a yearly comparison, as Finance Magnates reported. CFT has not provided the exact figures for the actual revenue achieved for either period.
For the Group as a whole, consolidated revenue increased by 6.6 per cent, rising from CHF 234.1 million in the second quarter of 2019, to reach CHF 235.5 million in the current quarter.