Tradition's Retail FX Business in Japan Jumps Up 64.5% YoY

Overall revenues remained relatively flat for Compagnie Financiere Tradition in H1 2015.

Earlier today, Swiss inter-dealer brokerage group, Compagnie Financière Tradition (CFT), published financial metrics for H1 and Q2 2015 in a brief summary statement.

The Swiss group reported first-half consolidated revenue of CHF 426.6 million, compared with CHF 425.4 million during the same period in 2014, an increase of 0.3% at current exchange rates or 1.1% in constant currencies.

For the same period, the Compagnie Financière Tradition’s consolidated adjusted revenue was CHF 457.2 million, compared with CHF 452.3 million in 2014, an increase of 2.2% at constant exchange rates.

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The adjusted revenue from interdealer broking business was up 1.1% in constant currencies while the forex trading business for retail investors in Japan was up 64.5%.

In the second quarter of the year, consolidated revenue was CHF 199.3 million, down 0.8% in constant currencies from the equivalent quarter last year. The Group’s consolidated adjusted revenue was CHF 214.1 million, up 0.8% at constant exchange rates with interdealer broking business down 0.9% and non-interdealer broking business up 112.4%.

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