Compagnie Financière Tradition delivered solid growth in the first half of 2025, with revenue climbing 12.3% at constant exchange rates to CHF 632.1 million. The Swiss interdealer broker claims it capitalized on heightened market volatility sparked by geopolitical tensions and uncertainty around central bank policies.

Tradition Posts Strong Growth as Market Volatility Boosts Trading

The company saw particularly strong momentum in the second quarter, where revenue jumped 12.8% at constant rates compared to the same period last year. Trading activity picked up across all asset classes and regions as investors navigated an increasingly complex global landscape.

"This performance was supported by strong market volatility , driven by ongoing uncertainty around monetary policy, the introduction of new trade barriers, and heightened geopolitical tensions," the company stated in its results announcement.

Tradition's core interdealer broking business, which connects institutional traders, grew 11.2% at constant rates to CHF 607.6 million in the first half. This segment benefits directly from increased trading activity as banks and other financial institutions hedge positions and manage risk during volatile periods.

Japanese Acquisition Pays Off

The company's retail-focused Japanese subsidiary Gaitame.com also grew, with revenue surging 47.6% at constant exchange rates. The jump largely reflects the December 2024 acquisition of Money Partners Group, which expanded Tradition's footprint in Japan's competitive online brokerage market.

The Japanese retail business now contributes CHF 24.5 million to group revenue, up from CHF 16.7 million a year earlier. While still a small portion of total revenue, the segment's expansion highlights Tradition's efforts to diversify beyond its traditional institutional client base.

Regional Strength Across the Board

Tradition reported revenue gains across all geographic regions where it operates. The company has operations in more than 30 countries and employs over 2,400 people globally.

Second-quarter results showed continued momentum, with overall revenue reaching CHF 310.1 million, up 12.8% at constant rates. The interdealer broking business grew 12.4% to CHF 298.1 million, while the Japanese retail operation contributed CHF 12.0 million.

Tradition shares trade on the SIX Swiss Exchange under the CFT ticker. The company competes with other major interdealer brokers including ICAP and Tullett Prebon in facilitating over-the-counter trading between financial institutions.